Strategic Equity Management Decreases Stock Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Strategic Equity Management lessened its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 9.9% in the fourth quarter, Holdings Channel reports. The fund owned 5,020 shares of the company’s stock after selling 553 shares during the quarter. Vanguard Mega Cap ETF makes up about 0.4% of Strategic Equity Management’s holdings, making the stock its 24th biggest holding. Strategic Equity Management’s holdings in Vanguard Mega Cap ETF were worth $1,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp boosted its stake in shares of Vanguard Mega Cap ETF by 5.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 85,922 shares of the company’s stock valued at $18,272,000 after buying an additional 4,101 shares during the last quarter. Rialto Wealth Management LLC purchased a new position in shares of Vanguard Mega Cap ETF during the 4th quarter valued at approximately $45,000. PNC Financial Services Group Inc. boosted its stake in shares of Vanguard Mega Cap ETF by 1.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 410,655 shares of the company’s stock valued at $87,330,000 after buying an additional 7,712 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Vanguard Mega Cap ETF during the 4th quarter valued at approximately $65,366,000. Finally, Assetmark Inc. boosted its stake in shares of Vanguard Mega Cap ETF by 1,097.3% during the 4th quarter. Assetmark Inc. now owns 3,125 shares of the company’s stock valued at $665,000 after buying an additional 2,864 shares during the last quarter.

Vanguard Mega Cap ETF Trading Up 0.5 %

Vanguard Mega Cap ETF stock opened at $208.23 on Friday. The stock has a market cap of $6.40 billion, a P/E ratio of 27.81 and a beta of 1.01. The stock has a 50 day moving average of $216.24 and a 200-day moving average of $211.70. Vanguard Mega Cap ETF has a 52 week low of $176.66 and a 52 week high of $222.75.

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.