Wealthfront Advisers LLC Cuts Stock Holdings in Vanguard Mega Cap ETF $MGC

Wealthfront Advisers LLC decreased its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 10.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,609 shares of the company’s stock after selling 3,103 shares during the period. Wealthfront Advisers LLC owned about 0.08% of Vanguard Mega Cap ETF worth $6,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Orion Porfolio Solutions LLC increased its holdings in Vanguard Mega Cap ETF by 577.3% in the 2nd 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 boosted its holdings in shares of Vanguard Mega Cap ETF by 3.1% during the 4th 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 during the last quarter. Wells Fargo & Company MN grew its stake in shares of Vanguard Mega Cap ETF by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 590,775 shares of the company’s stock worth $148,385,000 after acquiring an additional 21,811 shares during the period. UBS Group AG raised its holdings in shares of Vanguard Mega Cap ETF by 3.4% during the third quarter. UBS Group AG now owns 493,819 shares of the company’s stock valued at $120,536,000 after purchasing an additional 16,121 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Vanguard Mega Cap ETF by 1.2% during the fourth quarter. LPL Financial LLC now owns 486,850 shares of the company’s stock valued at $122,282,000 after purchasing an additional 5,822 shares during the last quarter.

Vanguard Mega Cap ETF Trading Down 1.1%

Shares of MGC stock opened at $272.04 on Friday. Vanguard Mega Cap ETF has a 12-month low of $225.44 and a 12-month high of $280.10. The firm’s 50 day moving average is $273.50 and its 200 day moving average is $258.36. The stock has a market capitalization of $9.95 billion, a P/E 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.