David Kennon Inc Has $2.39 Million Stock Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

David Kennon Inc decreased its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,851 shares of the company’s stock after selling 275 shares during the period. Vanguard Mega Cap ETF comprises approximately 1.0% of David Kennon Inc’s holdings, making the stock its 22nd largest holding. David Kennon Inc’s holdings in Vanguard Mega Cap ETF were worth $2,387,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in Vanguard Mega Cap ETF by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 554,056 shares of the company’s stock worth $117,826,000 after purchasing an additional 93,556 shares in the last quarter. New York Life Investment Management LLC raised its holdings in shares of Vanguard Mega Cap ETF by 3.3% in the 4th quarter. New York Life Investment Management LLC now owns 536,666 shares of the company’s stock worth $114,127,000 after buying an additional 17,030 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Vanguard Mega Cap ETF by 3.8% during the 4th quarter. Ameriprise Financial Inc. now owns 528,405 shares of the company’s stock worth $112,315,000 after buying an additional 19,281 shares during the period. LPL Financial LLC boosted its stake in Vanguard Mega Cap ETF by 13.5% in the 4th quarter. LPL Financial LLC now owns 429,445 shares of the company’s stock valued at $91,326,000 after buying an additional 51,072 shares in the last quarter. Finally, Cadence Bank grew its position in Vanguard Mega Cap ETF by 0.8% in the fourth quarter. Cadence Bank now owns 424,837 shares of the company’s stock valued at $90,346,000 after acquiring an additional 3,458 shares during the period.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA MGC opened at $216.28 on Monday. Vanguard Mega Cap ETF has a 52-week low of $173.32 and a 52-week high of $222.75. The business has a fifty day moving average of $207.84 and a two-hundred day moving average of $210.08. The stock has a market cap of $6.89 billion, a PE ratio of 26.66 and a beta of 1.02.

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.