Vanguard Mega Cap ETF $MGC Stock Acquired by BIP Wealth LLC

BIP Wealth LLC raised its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 131.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,717 shares of the company’s stock after purchasing an additional 7,799 shares during the quarter. BIP Wealth LLC’s holdings in Vanguard Mega Cap ETF were worth $3,873,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Steph & Co. bought a new position in shares of Vanguard Mega Cap ETF during the third quarter worth $12,452,000. QRG Capital Management Inc. bought a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter valued at $1,154,000. NewEdge Advisors LLC increased its position in shares of Vanguard Mega Cap ETF by 172.4% in the 2nd quarter. NewEdge Advisors LLC now owns 30,685 shares of the company’s stock valued at $8,397,000 after buying an additional 19,419 shares in the last quarter. Orser Capital Management LLC acquired a new stake in Vanguard Mega Cap ETF during the 2nd quarter worth $1,126,000. Finally, Independent Financial Group LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the first quarter worth $742,000.

Vanguard Mega Cap ETF Trading Down 0.5%

Shares of MGC opened at $279.34 on Friday. The stock has a market capitalization of $10.17 billion, a price-to-earnings 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. The firm has a fifty day simple moving average of $282.79 and a 200 day simple moving average of $274.52.

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.