StoneX Group Inc. Makes New Investment in Vanguard Mega Cap ETF $MGC

StoneX Group Inc. purchased a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 13,431 shares of the company’s stock, valued at approximately $3,792,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Vanguard Mega Cap ETF by 0.4% in the first quarter. Bank of America Corp DE now owns 1,561,792 shares of the company’s stock valued at $369,130,000 after acquiring an additional 5,869 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in shares of Vanguard Mega Cap ETF during the third quarter worth about $176,493,000. PNC Financial Services Group Inc. grew its holdings in shares of Vanguard Mega Cap ETF by 0.9% during the first quarter. PNC Financial Services Group Inc. now owns 437,692 shares of the company’s stock worth $103,449,000 after purchasing an additional 4,105 shares during the last quarter. Verus Financial Partners Inc. purchased a new position in shares of Vanguard Mega Cap ETF during the third quarter worth about $56,776,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Vanguard Mega Cap ETF by 4.4% during the third quarter. Kestra Advisory Services LLC now owns 186,685 shares of the company’s stock worth $52,703,000 after purchasing an additional 7,818 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

MGC opened at $269.29 on Friday. The business’s 50-day simple moving average is $282.15 and its 200-day simple moving average is $267.54. Vanguard Mega Cap ETF has a one year low of $228.37 and a one year high of $289.10. The stock has a market capitalization of $9.82 billion, a P/E 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.