Claro Advisors Inc. Buys 5,579 Shares of Vanguard Mega Cap ETF $MGC

Claro Advisors Inc. grew its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 14.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,428 shares of the company’s stock after purchasing an additional 5,579 shares during the quarter. Vanguard Mega Cap ETF comprises 1.6% of Claro Advisors Inc.’s portfolio, making the stock its 14th biggest holding. Claro Advisors Inc.’s holdings in Vanguard Mega Cap ETF were worth $11,410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MGC. Blue Trust Inc. bought a new position in shares of Vanguard Mega Cap ETF during the fourth quarter valued at about $48,000. GGM Financials LLC bought a new position in shares of Vanguard Mega Cap ETF during the third quarter valued at about $77,000. Entrust Financial LLC bought a new position in shares of Vanguard Mega Cap ETF during the fourth quarter valued at about $102,000. Sound Income Strategies LLC grew its stake in shares of Vanguard Mega Cap ETF by 816.0% during the fourth quarter. Sound Income Strategies LLC now owns 458 shares of the company’s stock valued at $116,000 after buying an additional 408 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Vanguard Mega Cap ETF during the third quarter valued at about $122,000.

Vanguard Mega Cap ETF Trading Down 1.1%

Shares of NYSEARCA:MGC opened at $271.78 on Thursday. The stock’s 50-day moving average price is $266.74 and its 200-day moving average price is $255.07. Vanguard Mega Cap ETF has a 12-month low of $215.45 and a 12-month high of $280.10. The stock has a market capitalization of $9.73 billion, a P/E ratio of 26.06 and a beta of 1.01.

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.