Cadence Bank Acquires 7,420 Shares of Vanguard Mega Cap ETF $MGC

Cadence Bank increased its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 430,884 shares of the company’s stock after purchasing an additional 7,420 shares during the quarter. Vanguard Mega Cap ETF makes up about 6.4% of Cadence Bank’s investment portfolio, making the stock its 2nd biggest holding. Cadence Bank owned 1.23% of Vanguard Mega Cap ETF worth $105,174,000 at the end of the most recent quarter.

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

Vanguard Mega Cap ETF Price Performance

Vanguard Mega Cap ETF stock opened at $241.54 on Friday. The company’s 50-day moving average is $250.66 and its 200-day moving average is $247.77. The firm has a market capitalization of $9.48 billion, a PE ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a fifty-two week low of $173.32 and a fifty-two week high of $255.75.

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.