Vanguard Mega Cap ETF (NYSEARCA:MGC) Sees Strong Trading Volume

Vanguard Mega Cap ETF (NYSEARCA:MGC) saw unusually-high trading volume on Thursday . Approximately 60,496 shares changed hands during mid-day trading, a decline of 27% from the previous session’s volume of 83,258 shares.The stock last traded at $179.61 and had previously closed at $179.41.

Vanguard Mega Cap ETF Trading Down 1.1 %

The firm has a market capitalization of $5.10 billion, a P/E ratio of 27.80 and a beta of 1.01. The stock has a 50 day simple moving average of $183.09 and a 200-day simple moving average of $170.35.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Several hedge funds and other institutional investors have recently modified their holdings of MGC. Moneta Group Investment Advisors LLC grew its stake in shares of Vanguard Mega Cap ETF by 105,300.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 37,762,915 shares of the company’s stock valued at $4,999,810,000 after acquiring an additional 37,727,087 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Vanguard Mega Cap ETF by 18.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 503,356 shares of the company’s stock worth $85,208,000 after purchasing an additional 79,645 shares in the last quarter. New York Life Investment Management LLC raised its position in shares of Vanguard Mega Cap ETF by 14.3% during the 4th quarter. New York Life Investment Management LLC now owns 473,152 shares of the company’s stock valued at $80,095,000 after purchasing an additional 59,183 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Vanguard Mega Cap ETF by 2.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 437,600 shares of the company’s stock valued at $74,077,000 after buying an additional 10,276 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Vanguard Mega Cap ETF by 9.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 419,314 shares of the company’s stock worth $63,729,000 after buying an additional 36,284 shares during the period.

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.