Envestnet Portfolio Solutions Inc. Sells 374 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Envestnet Portfolio Solutions Inc. lowered its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,422 shares of the company’s stock after selling 374 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Vanguard Mega Cap ETF were worth $4,343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its position in Vanguard Mega Cap ETF by 1.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 196,654 shares of the company’s stock worth $41,820,000 after purchasing an additional 3,280 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Vanguard Mega Cap ETF by 2.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 24,828 shares of the company’s stock worth $5,280,000 after purchasing an additional 607 shares during the last quarter. HighTower Advisors LLC increased its position in Vanguard Mega Cap ETF by 42.4% in the fourth quarter. HighTower Advisors LLC now owns 27,924 shares of the company’s stock worth $5,938,000 after purchasing an additional 8,319 shares during the last quarter. Prosperity Wealth Management Inc. increased its position in Vanguard Mega Cap ETF by 7.5% in the fourth quarter. Prosperity Wealth Management Inc. now owns 1,074 shares of the company’s stock worth $228,000 after purchasing an additional 75 shares during the last quarter. Finally, Independent Advisor Alliance bought a new stake in Vanguard Mega Cap ETF in the fourth quarter worth $638,000.

Vanguard Mega Cap ETF Stock Performance

Shares of MGC opened at $202.29 on Wednesday. The company’s fifty day moving average is $214.61 and its 200 day moving average is $211.85. Vanguard Mega Cap ETF has a fifty-two week low of $176.66 and a fifty-two week high of $222.75. The stock has a market capitalization of $6.23 billion, a PE ratio of 26.29 and a beta of 1.01.

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.