Kestra Investment Management LLC Purchases New Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Kestra Investment Management LLC purchased a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,026 shares of the company’s stock, valued at approximately $3,951,000. Kestra Investment Management LLC owned approximately 0.07% of Vanguard Mega Cap ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MGC. Global Assets Advisory LLC bought a new position in shares of Vanguard Mega Cap ETF during the first quarter worth $52,361,000. Liberty Wealth Management LLC bought a new position in Vanguard Mega Cap ETF in the 2nd quarter valued at about $30,741,000. Envestnet Asset Management Inc. grew its position in shares of Vanguard Mega Cap ETF by 18.8% during the 4th 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. Apella Capital LLC grew its position in shares of Vanguard Mega Cap ETF by 27.5% during the 1st quarter. Apella Capital LLC now owns 320,332 shares of the company’s stock worth $59,447,000 after purchasing an additional 69,092 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Vanguard Mega Cap ETF by 549.2% during the 1st quarter. Cetera Investment Advisers now owns 79,497 shares of the company’s stock worth $14,856,000 after purchasing an additional 67,252 shares in the last quarter.

Vanguard Mega Cap ETF Trading Up 0.4 %

NYSEARCA MGC opened at $206.64 on Tuesday. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The firm’s 50 day simple moving average is $198.89 and its 200 day simple moving average is $193.20. Vanguard Mega Cap ETF has a 1 year low of $145.94 and a 1 year high of $206.99.

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.