Empirical Financial Services LLC d.b.a. Empirical Wealth Management Raises Stake in Vanguard Mega Cap ETF $MGC

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 14.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,092 shares of the company’s stock after acquiring an additional 10,383 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned 0.24% of Vanguard Mega Cap ETF worth $20,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MGC. Envestnet Asset Management Inc. increased its position in Vanguard Mega Cap ETF by 99.2% during the third quarter. Envestnet Asset Management Inc. now owns 1,720,955 shares of the company’s stock worth $420,068,000 after purchasing an additional 857,073 shares during the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Vanguard Mega Cap ETF by 577.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after buying an additional 891,030 shares during the last quarter. New York Life Investment Management LLC raised its position in shares of Vanguard Mega Cap ETF by 23.4% during the 3rd quarter. New York Life Investment Management LLC now owns 711,400 shares of the company’s stock valued at $173,646,000 after buying an additional 134,789 shares during the period. Vantagepoint Investment Advisers LLC acquired a new position in Vanguard Mega Cap ETF in the third quarter valued at approximately $161,189,000. Finally, Leavell Investment Management Inc. grew its position in Vanguard Mega Cap ETF by 1.5% in the third quarter. Leavell Investment Management Inc. now owns 501,734 shares of the company’s stock worth $122,759,000 after acquiring an additional 7,571 shares during the period.

Vanguard Mega Cap ETF Stock Up 0.7%

NYSEARCA:MGC opened at $250.60 on Friday. Vanguard Mega Cap ETF has a 52 week low of $173.32 and a 52 week high of $255.75. The stock’s fifty day moving average is $251.81 and its two-hundred day moving average is $246.26. The company has a market capitalization of $9.83 billion, a P/E ratio of 26.06 and a beta of 1.01.

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.