BAM Wealth Management LLC Acquires New Holdings in Vanguard Mega Cap ETF $MGC

BAM Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,304 shares of the company’s stock, valued at approximately $806,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Jane Street Group LLC raised its holdings in shares of Vanguard Mega Cap ETF by 312.6% in the first quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock worth $1,973,000 after acquiring an additional 7,424 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Vanguard Mega Cap ETF during the 2nd quarter worth about $257,000. Steph & Co. raised its stake in Vanguard Mega Cap ETF by 18.5% in the 2nd quarter. Steph & Co. now owns 35,226 shares of the company’s stock valued at $7,923,000 after purchasing an additional 5,499 shares during the last quarter. Wealth Group Ltd. purchased a new position in Vanguard Mega Cap ETF in the 2nd quarter valued at about $286,000. Finally, MKT Advisors LLC purchased a new position in Vanguard Mega Cap ETF in the 2nd quarter valued at about $598,000.

Vanguard Mega Cap ETF Price Performance

Shares of NYSEARCA MGC opened at $252.31 on Friday. The company has a 50-day simple moving average of $250.87 and a 200-day simple moving average of $243.12. The company has a market cap of $9.90 billion, a PE ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 12 month low of $173.32 and a 12 month high of $255.60.

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.