Vanguard Mega Cap ETF $MGC Stock Bought by Praetorian Wealth Management Inc.

Praetorian Wealth Management Inc. increased its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.0% in the third quarter, Holdings Channel reports. The institutional investor owned 96,458 shares of the company’s stock after buying an additional 1,860 shares during the period. Vanguard Mega Cap ETF makes up 4.7% of Praetorian Wealth Management Inc.’s holdings, making the stock its 6th largest holding. Praetorian Wealth Management Inc.’s holdings in Vanguard Mega Cap ETF were worth $27,231,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Steph & Co. acquired a new stake in Vanguard Mega Cap ETF during the third quarter worth approximately $12,452,000. Baker Ellis Asset Management LLC bought a new position in Vanguard Mega Cap ETF during the 3rd quarter worth $10,059,000. Rockefeller Capital Management L.P. raised its holdings in Vanguard Mega Cap ETF by 20.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 151,253 shares of the company’s stock valued at $37,990,000 after acquiring an additional 25,550 shares in the last quarter. Spartan Wealth Advisory Services LLC acquired a new position in Vanguard Mega Cap ETF in the 1st quarter valued at $5,488,000. Finally, Macco Financial Group Inc. acquired a new position in Vanguard Mega Cap ETF in the 4th quarter valued at $5,568,000.

Vanguard Mega Cap ETF Stock Down 1.3%

Shares of NYSEARCA:MGC traded down $3.64 during trading on Friday, reaching $281.08. 73,873 shares of the company traded hands, compared to its average volume of 122,214. The company’s 50 day moving average is $282.93 and its two-hundred day moving average is $272.91. The firm has a market capitalization of $10.23 billion, a PE ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 52 week low of $228.37 and a 52 week high of $289.10.

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.