Cornerstone Financial Management LLC Takes $4 Million Position in Vanguard Mega Cap ETF $MGC

Cornerstone Financial Management LLC purchased a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 15,938 shares of the company’s stock, valued at approximately $4,003,000. Vanguard Mega Cap ETF accounts for 3.8% of Cornerstone Financial Management LLC’s portfolio, making the stock its 5th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. purchased a new position in Vanguard Mega Cap ETF during the 4th quarter worth $48,000. GGM Financials LLC purchased a new position in Vanguard Mega Cap ETF during the 3rd quarter worth $77,000. Entrust Financial LLC purchased a new position in Vanguard Mega Cap ETF during the 4th quarter worth $102,000. Sound Income Strategies LLC grew its stake in Vanguard Mega Cap ETF by 816.0% during the 4th quarter. Sound Income Strategies LLC now owns 458 shares of the company’s stock worth $116,000 after buying an additional 408 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Vanguard Mega Cap ETF during the 3rd quarter worth $122,000.

Vanguard Mega Cap ETF Price Performance

Shares of MGC stock opened at $271.52 on Friday. Vanguard Mega Cap ETF has a 1-year low of $215.45 and a 1-year high of $280.10. The stock’s fifty day moving average price is $264.59 and its 200 day moving average price is $254.49. The company has a market cap of $9.72 billion, a price-to-earnings 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.