Procyon Advisors LLC Sells 13,969 Shares of Vanguard Mega Cap ETF $MGC

Procyon Advisors LLC reduced its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 3.1% during the first quarter, HoldingsChannel reports. The firm owned 440,098 shares of the company’s stock after selling 13,969 shares during the quarter. Vanguard Mega Cap ETF accounts for about 1.6% of Procyon Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Procyon Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $104,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MGC. International Assets Investment Management LLC bought a new position in Vanguard Mega Cap ETF in the 1st quarter valued at approximately $27,000. Winch Advisory Services LLC bought a new position in shares of Vanguard Mega Cap ETF in the 1st quarter valued at $34,000. Blue Trust Inc. bought a new position in shares of Vanguard Mega Cap ETF in the 4th quarter valued at $48,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter valued at $48,000. Finally, SHP Wealth Management bought a new stake in Vanguard Mega Cap ETF during the 4th quarter worth $68,000.

Vanguard Mega Cap ETF Price Performance

Shares of MGC opened at $276.79 on Monday. The stock has a market cap of $10.12 billion, a PE ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 12-month low of $225.44 and a 12-month high of $280.10. The business has a 50-day simple moving average of $272.74 and a two-hundred day simple moving average of $257.66.

About Vanguard Mega Cap ETF

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.