Parkway Wealth Management Group LLC Trims Position in Vanguard Mega Cap ETF $MGC

Parkway Wealth Management Group LLC lowered its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 12.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,555 shares of the company’s stock after selling 3,499 shares during the quarter. Vanguard Mega Cap ETF makes up approximately 0.8% of Parkway Wealth Management Group LLC’s holdings, making the stock its 28th biggest position. Parkway Wealth Management Group LLC’s holdings in Vanguard Mega Cap ETF were worth $6,325,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Silver Oak Securities Incorporated increased its holdings in Vanguard Mega Cap ETF by 36.0% during the first quarter. Silver Oak Securities Incorporated now owns 1,481 shares of the company’s stock valued at $350,000 after buying an additional 392 shares during the last quarter. Blue Trust Inc. grew its position in shares of Vanguard Mega Cap ETF by 124.0% during the 1st quarter. Blue Trust Inc. now owns 430 shares of the company’s stock valued at $102,000 after acquiring an additional 238 shares during the period. Steph & Co. increased its stake in shares of Vanguard Mega Cap ETF by 15.0% in the 1st quarter. Steph & Co. now owns 44,202 shares of the company’s stock worth $10,447,000 after purchasing an additional 5,763 shares in the last quarter. Certified Advisory Corp raised its holdings in Vanguard Mega Cap ETF by 26.8% in the 1st quarter. Certified Advisory Corp now owns 12,461 shares of the company’s stock worth $2,945,000 after purchasing an additional 2,637 shares during the period. Finally, Signal Advisors Wealth LLC purchased a new position in Vanguard Mega Cap ETF during the first quarter valued at $229,000.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA:MGC opened at $268.09 on Friday. The stock has a 50-day simple moving average of $269.64 and a two-hundred day simple moving average of $255.90. The firm has a market capitalization of $9.60 billion, a PE ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 52-week low of $221.82 and a 52-week high of $280.10.

Vanguard Mega Cap ETF Company Profile

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.