769,278 Shares in Vanguard Mega Cap ETF $MGC Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 769,278 shares of the company’s stock, valued at approximately $217,175,000. Vanguard Mega Cap ETF accounts for about 1.5% of New York Life Investment Management LLC’s investment portfolio, making the stock its 16th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Vanguard Mega Cap ETF by 2.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,984 shares of the company’s stock valued at $543,000 after acquiring an additional 39 shares during the period. HBW Advisory Services LLC grew its position in shares of Vanguard Mega Cap ETF by 1.4% during the third quarter. HBW Advisory Services LLC now owns 3,291 shares of the company’s stock worth $929,000 after acquiring an additional 44 shares during the last quarter. ZEGA Investments LLC grew its position in shares of Vanguard Mega Cap ETF by 4.7% during the second quarter. ZEGA Investments LLC now owns 1,031 shares of the company’s stock worth $282,000 after acquiring an additional 46 shares during the last quarter. Salem Investment Counselors Inc. grew its position in shares of Vanguard Mega Cap ETF by 0.6% during the third quarter. Salem Investment Counselors Inc. now owns 8,198 shares of the company’s stock worth $2,314,000 after acquiring an additional 46 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its holdings in shares of Vanguard Mega Cap ETF by 0.9% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 5,553 shares of the company’s stock worth $1,312,000 after acquiring an additional 52 shares during the period.

Vanguard Mega Cap ETF Stock Down 0.4%

MGC stock opened at $274.37 on Wednesday. The stock has a market cap of $10.00 billion, a PE ratio of 26.06 and a beta of 1.01. The firm’s 50-day simple moving average is $281.87 and its 200 day simple moving average is $267.78. Vanguard Mega Cap ETF has a fifty-two week low of $228.37 and a fifty-two week high of $289.10.

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.