Capital Investment Advisors LLC Buys 109,223 Shares of Vanguard Mega Cap ETF $MGC

Capital Investment Advisors LLC bought a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 109,223 shares of the company’s stock, valued at approximately $30,835,000.

Several other large investors have also made changes to their positions in MGC. Bank of America Corp DE lifted its position in Vanguard Mega Cap ETF by 0.4% during the first quarter. Bank of America Corp DE now owns 1,561,792 shares of the company’s stock valued at $369,130,000 after buying an additional 5,869 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Vanguard Mega Cap ETF by 0.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 437,692 shares of the company’s stock valued at $103,449,000 after acquiring an additional 4,105 shares in the last quarter. Investment Planning Advisors Inc. increased its holdings in Vanguard Mega Cap ETF by 11.5% in the 1st quarter. Investment Planning Advisors Inc. now owns 151,958 shares of the company’s stock valued at $35,915,000 after purchasing an additional 15,704 shares in the last quarter. Praetorian Wealth Management Inc. lifted its stake in shares of Vanguard Mega Cap ETF by 2.0% during the third quarter. Praetorian Wealth Management Inc. now owns 96,458 shares of the company’s stock worth $27,231,000 after purchasing an additional 1,860 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Vanguard Mega Cap ETF by 4.3% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 89,419 shares of the company’s stock worth $21,134,000 after buying an additional 3,661 shares during the period.

Vanguard Mega Cap ETF Price Performance

Shares of MGC stock opened at $279.34 on Friday. The company’s fifty day moving average price is $282.79 and its two-hundred day moving average price is $274.52. The firm has a market capitalization of $10.17 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 12 month low of $228.37 and a 12 month high of $289.10.

Vanguard Mega Cap ETF Company 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.