Investment Planning Advisors Inc. Takes Position in Vanguard Mega Cap ETF $MGC

Investment Planning Advisors Inc. purchased a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 136,865 shares of the company’s stock, valued at approximately $33,407,000. Vanguard Mega Cap ETF makes up about 10.5% of Investment Planning Advisors Inc.’s portfolio, making the stock its 3rd biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MGC. Orion Porfolio Solutions LLC lifted its holdings in shares of Vanguard Mega Cap ETF by 577.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock valued at $235,127,000 after purchasing an additional 891,030 shares in the last quarter. RiverFront Investment Group LLC grew its holdings in shares of Vanguard Mega Cap ETF by 30,480.3% during the second quarter. RiverFront Investment Group LLC now owns 476,135 shares of the company’s stock valued at $107,092,000 after buying an additional 474,578 shares in the last quarter. Jones Financial Companies Lllp raised its position in Vanguard Mega Cap ETF by 2,183.2% during the first quarter. Jones Financial Companies Lllp now owns 476,255 shares of the company’s stock valued at $95,908,000 after buying an additional 455,396 shares during the period. Envestnet Asset Management Inc. lifted its stake in Vanguard Mega Cap ETF by 65.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 863,882 shares of the company’s stock worth $194,304,000 after acquiring an additional 341,492 shares in the last quarter. Finally, Ascent Group LLC lifted its stake in Vanguard Mega Cap ETF by 103.6% in the 3rd quarter. Ascent Group LLC now owns 207,450 shares of the company’s stock worth $50,636,000 after acquiring an additional 105,551 shares in the last quarter.

Vanguard Mega Cap ETF Price Performance

NYSEARCA:MGC opened at $251.17 on Friday. The stock has a market cap of $8.80 billion, a PE ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a fifty-two week low of $173.32 and a fifty-two week high of $254.68. The stock’s 50-day moving average is $250.10 and its two-hundred day moving average is $239.69.

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.