Vanguard Mega Cap ETF $MGC Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 44.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,927 shares of the company’s stock after selling 38,770 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Vanguard Mega Cap ETF were worth $11,564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MGC. Orion Porfolio Solutions LLC grew its position in shares of Vanguard Mega Cap ETF by 577.3% during the second quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after buying an additional 891,030 shares in the last quarter. Morgan Stanley raised its holdings in Vanguard Mega Cap ETF by 3.1% in the fourth quarter. Morgan Stanley now owns 594,721 shares of the company’s stock valued at $149,376,000 after acquiring an additional 17,646 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Vanguard Mega Cap ETF by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 590,775 shares of the company’s stock valued at $148,385,000 after acquiring an additional 21,811 shares during the last quarter. UBS Group AG boosted its stake in Vanguard Mega Cap ETF by 3.4% during the 3rd quarter. UBS Group AG now owns 493,819 shares of the company’s stock valued at $120,536,000 after acquiring an additional 16,121 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in Vanguard Mega Cap ETF by 1.2% during the 4th quarter. LPL Financial LLC now owns 486,850 shares of the company’s stock valued at $122,282,000 after acquiring an additional 5,822 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

Shares of MGC stock opened at $272.75 on Friday. The firm has a fifty day moving average of $271.04 and a two-hundred day moving average of $256.59. The firm has a market cap of $10.03 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 1-year low of $224.71 and a 1-year high of $280.10.

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.