Elevation Capital Advisory LLC Raises Stake in Vanguard Mega Cap ETF $MGC

Elevation Capital Advisory LLC lifted its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 120.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,375 shares of the company’s stock after buying an additional 12,207 shares during the quarter. Vanguard Mega Cap ETF makes up 2.3% of Elevation Capital Advisory LLC’s investment portfolio, making the stock its 16th largest position. Elevation Capital Advisory LLC owned about 0.06% of Vanguard Mega Cap ETF worth $5,620,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in Vanguard Mega Cap ETF by 312.6% during the first quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock worth $1,973,000 after purchasing an additional 7,424 shares during the period. Marshall Wace LLP purchased a new position in Vanguard Mega Cap ETF during the second quarter worth approximately $905,000. Raymond James Financial Inc. raised its stake in Vanguard Mega Cap ETF by 31.8% during the second quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock worth $90,241,000 after purchasing an additional 96,754 shares during the period. Garden State Investment Advisory Services LLC raised its stake in Vanguard Mega Cap ETF by 12.4% during the second quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock worth $307,000 after purchasing an additional 150 shares during the period. Finally, IHT Wealth Management LLC raised its stake in Vanguard Mega Cap ETF by 1.8% during the second quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock worth $1,292,000 after purchasing an additional 100 shares during the period.

Vanguard Mega Cap ETF Stock Up 1.0%

NYSEARCA:MGC opened at $255.87 on Thursday. The company has a market cap of $9.16 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a fifty-two week low of $182.96 and a fifty-two week high of $255.92. The firm’s 50 day moving average is $245.20 and its two-hundred day moving average is $248.15.

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.