Vanguard Mega Cap ETF (NYSEARCA:MGC) Shares Sold by Essex Financial Services Inc.

Essex Financial Services Inc. lowered its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 20.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,335 shares of the company’s stock after selling 351 shares during the period. Essex Financial Services Inc.’s holdings in Vanguard Mega Cap ETF were worth $264,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MGC. Summit X LLC purchased a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at approximately $4,184,000. Cassaday & Co Wealth Management LLC boosted its stake in shares of Vanguard Mega Cap ETF by 9.3% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,876 shares of the company’s stock valued at $318,000 after buying an additional 160 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Vanguard Mega Cap ETF by 0.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,541 shares of the company’s stock worth $1,615,000 after acquiring an additional 62 shares during the period. Fisher Asset Management LLC raised its position in Vanguard Mega Cap ETF by 4.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,595 shares of the company’s stock worth $270,000 after acquiring an additional 65 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at $55,000.

Vanguard Mega Cap ETF Stock Down 2.1 %

Shares of MGC opened at $198.73 on Wednesday. The company has a market capitalization of $5.73 billion, a PE ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a 52-week low of $145.94 and a 52-week high of $204.72. The company has a 50-day simple moving average of $198.50 and a 200-day simple moving average of $190.69.

About Vanguard Mega Cap ETF

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.