New York Life Investment Management LLC Increases Stock Position in Vanguard Mega Cap ETF $MGC

New York Life Investment Management LLC boosted its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 23.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 711,400 shares of the company’s stock after purchasing an additional 134,789 shares during the period. Vanguard Mega Cap ETF makes up 1.5% of New York Life Investment Management LLC’s portfolio, making the stock its 12th biggest position. New York Life Investment Management LLC owned 2.03% of Vanguard Mega Cap ETF worth $173,646,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kilter Group LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the second quarter worth about $26,000. St. Johns Investment Management Company LLC acquired a new stake in Vanguard Mega Cap ETF during the 2nd quarter valued at approximately $34,000. Collier Financial purchased a new stake in Vanguard Mega Cap ETF during the 3rd quarter worth approximately $37,000. Howe & Rusling Inc. purchased a new stake in Vanguard Mega Cap ETF during the 3rd quarter worth approximately $60,000. Finally, Bfsg LLC raised its position in shares of Vanguard Mega Cap ETF by 1,165.0% in the 3rd quarter. Bfsg LLC now owns 253 shares of the company’s stock valued at $62,000 after purchasing an additional 233 shares in the last quarter.

Vanguard Mega Cap ETF Trading Up 1.9%

Vanguard Mega Cap ETF stock opened at $252.02 on Monday. Vanguard Mega Cap ETF has a 52 week low of $173.32 and a 52 week high of $255.75. The stock has a market cap of $9.89 billion, a P/E ratio of 26.06 and a beta of 1.01. The stock has a 50 day moving average of $252.19 and a 200-day moving average of $245.11.

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.