Sovran Advisors LLC Raises Position in Vanguard Mega Cap ETF $MGC

Sovran Advisors LLC boosted its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,344 shares of the company’s stock after purchasing an additional 1,911 shares during the period. Sovran Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $3,863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. National Wealth Management Group LLC increased its holdings in shares of Vanguard Mega Cap ETF by 2.6% in the fourth quarter. National Wealth Management Group LLC now owns 1,568 shares of the company’s stock worth $394,000 after buying an additional 40 shares during the period. Brooklyn FI LLC boosted its holdings in Vanguard Mega Cap ETF by 0.7% during the 4th quarter. Brooklyn FI LLC now owns 6,453 shares of the company’s stock valued at $1,621,000 after acquiring an additional 42 shares during the period. Pinnacle Financial Partners Inc. grew its position in Vanguard Mega Cap ETF by 1.4% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 3,089 shares of the company’s stock worth $754,000 after acquiring an additional 42 shares during the last quarter. Keystone Financial Group grew its position in Vanguard Mega Cap ETF by 2.8% during the 3rd quarter. Keystone Financial Group now owns 1,666 shares of the company’s stock worth $407,000 after acquiring an additional 46 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its stake in Vanguard Mega Cap ETF by 1.4% in the 1st quarter. Whipplewood Advisors LLC now owns 3,327 shares of the company’s stock worth $786,000 after purchasing an additional 47 shares during the period.

Vanguard Mega Cap ETF Trading Up 0.4%

MGC stock traded up $1.21 during midday trading on Friday, hitting $276.79. The company had a trading volume of 101,201 shares, compared to its average volume of 142,435. Vanguard Mega Cap ETF has a 52 week low of $225.44 and a 52 week high of $280.10. The stock’s 50 day moving average price is $272.74 and its 200 day moving average price is $257.61. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01.

Vanguard Mega Cap ETF 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.