Vanguard Mega Cap ETF (NYSEARCA:MGC) Sees Strong Trading Volume – Here’s Why

Vanguard Mega Cap ETF (NYSEARCA:MGC) saw unusually-high trading volume on Thursday . Approximately 285,505 shares were traded during trading, an increase of 122% from the previous session’s volume of 128,648 shares.The stock last traded at $251.9660 and had previously closed at $252.79.

Vanguard Mega Cap ETF Price Performance

The stock has a fifty day simple moving average of $247.94 and a 200-day simple moving average of $235.86. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Elevation Capital Advisory LLC acquired a new stake in Vanguard Mega Cap ETF during the second quarter worth $6,011,000. Sowell Financial Services LLC purchased a new position in shares of Vanguard Mega Cap ETF during the 2nd quarter worth $257,000. AlphaCore Capital LLC grew its holdings in shares of Vanguard Mega Cap ETF by 622.9% during the 2nd quarter. AlphaCore Capital LLC now owns 77,739 shares of the company’s stock worth $17,528,000 after purchasing an additional 66,985 shares during the period. MKT Advisors LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the 2nd quarter worth about $598,000. Finally, CWM LLC raised its holdings in Vanguard Mega Cap ETF by 9.4% in the 2nd quarter. CWM LLC now owns 6,997 shares of the company’s stock valued at $1,574,000 after buying an additional 599 shares during the period.

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.