Schmidt P J Investment Management Inc. Sells 3,294 Shares of Vanguard Mega Cap ETF $MGC

Schmidt P J Investment Management Inc. cut its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,824 shares of the company’s stock after selling 3,294 shares during the period. Vanguard Mega Cap ETF accounts for approximately 1.6% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 13th largest holding. Schmidt P J Investment Management Inc.’s holdings in Vanguard Mega Cap ETF were worth $9,965,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MGC. Elevation Capital Advisory LLC purchased a new position in Vanguard Mega Cap ETF during the second quarter worth about $6,011,000. Beacon Financial Group increased its holdings in shares of Vanguard Mega Cap ETF by 102.1% in the 3rd quarter. Beacon Financial Group now owns 56,875 shares of the company’s stock worth $13,883,000 after buying an additional 28,738 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Vanguard Mega Cap ETF by 8.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 210,501 shares of the company’s stock valued at $51,381,000 after buying an additional 16,074 shares in the last quarter. AlphaCore Capital LLC lifted 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 acquiring an additional 66,985 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 2nd quarter worth $257,000.

Vanguard Mega Cap ETF Stock Up 0.2%

MGC opened at $255.10 on Tuesday. The business’s fifty day simple moving average is $250.33 and its 200 day simple moving average is $241.69. Vanguard Mega Cap ETF has a 52 week low of $173.32 and a 52 week high of $255.60. The stock has a market cap of $10.01 billion, a PE 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.