Vanguard Mega Cap ETF $MGC Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 71.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,525 shares of the company’s stock after selling 18,445 shares during the quarter. IFP Advisors Inc’s holdings in Vanguard Mega Cap ETF were worth $2,059,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Jane Street Group LLC raised its position in shares of Vanguard Mega Cap ETF by 312.6% during the 1st quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock valued at $1,973,000 after buying an additional 7,424 shares during the period. Marshall Wace LLP acquired a new position in shares of Vanguard Mega Cap ETF in the 2nd quarter valued at $905,000. Raymond James Financial Inc. grew its holdings in shares of Vanguard Mega Cap ETF by 31.8% during the 2nd quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock worth $90,241,000 after purchasing an additional 96,754 shares during the period. Garden State Investment Advisory Services LLC increased its position in shares of Vanguard Mega Cap ETF by 12.4% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock worth $307,000 after purchasing an additional 150 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of Vanguard Mega Cap ETF by 1.8% during the 2nd quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock worth $1,292,000 after purchasing an additional 100 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

NYSEARCA MGC opened at $281.25 on Friday. The firm’s 50-day moving average is $278.09 and its two-hundred day moving average is $265.89. Vanguard Mega Cap ETF has a 12 month low of $228.37 and a 12 month high of $285.55. The stock has a market capitalization of $10.29 billion, a P/E ratio of 26.06 and a beta of 1.02.

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.