Exchange Traded Concepts LLC Takes $11.12 Million Position in Vanguard Mega Cap ETF $MGC

Exchange Traded Concepts LLC purchased a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 44,270 shares of the company’s stock, valued at approximately $11,119,000. Exchange Traded Concepts LLC owned about 0.11% of Vanguard Mega Cap ETF as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MGC. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Vanguard Mega Cap ETF by 14.3% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 83,092 shares of the company’s stock worth $20,282,000 after buying an additional 10,383 shares during the last quarter. BCGM Wealth Management LLC lifted its position in shares of Vanguard Mega Cap ETF by 97.3% during the 3rd quarter. BCGM Wealth Management LLC now owns 38,081 shares of the company’s stock valued at $9,295,000 after buying an additional 18,783 shares during the last quarter. BAM Wealth Management LLC purchased a new position in shares of Vanguard Mega Cap ETF during the 3rd quarter valued at $806,000. Beacon Financial Group grew its stake in shares of Vanguard Mega Cap ETF by 102.1% during the 3rd quarter. Beacon Financial Group now owns 56,875 shares of the company’s stock worth $13,883,000 after acquiring an additional 28,738 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of Vanguard Mega Cap ETF by 8.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 210,501 shares of the company’s stock worth $51,381,000 after acquiring an additional 16,074 shares during the period.

Vanguard Mega Cap ETF Stock Performance

Shares of MGC opened at $230.07 on Monday. Vanguard Mega Cap ETF has a fifty-two week low of $173.32 and a fifty-two week high of $255.75. The business has a 50-day moving average of $247.71 and a 200 day moving average of $248.14. The firm has a market cap of $9.03 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.