Stage Harbor Financial LLC Invests $335,000 in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Stage Harbor Financial LLC purchased a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, HoldingsChannel reports. The fund purchased 1,574 shares of the company’s stock, valued at approximately $335,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGC. RWA Wealth Partners LLC boosted its position in Vanguard Mega Cap ETF by 4.3% during the 4th quarter. RWA Wealth Partners LLC now owns 2,506 shares of the company’s stock worth $533,000 after acquiring an additional 103 shares during the period. Michael A. Dubis Financial Planning LLC purchased a new stake in shares of Vanguard Mega Cap ETF in the fourth quarter worth approximately $1,656,000. Maridea Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the fourth quarter worth approximately $683,000. RiverFront Investment Group LLC purchased a new position in Vanguard Mega Cap ETF during the fourth quarter valued at approximately $331,000. Finally, Riverchase Wealth Management LLC purchased a new stake in Vanguard Mega Cap ETF in the 4th quarter worth approximately $679,000.

Vanguard Mega Cap ETF Stock Down 2.1 %

Shares of NYSEARCA:MGC opened at $200.30 on Friday. The firm has a fifty day moving average of $213.31 and a two-hundred day moving average of $212.15. Vanguard Mega Cap ETF has a 12-month low of $176.66 and a 12-month high of $222.75. The firm has a market capitalization of $6.17 billion, a P/E ratio of 26.29 and a beta of 1.01.

Vanguard Mega Cap ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.5985 dividend. The ex-dividend date of this dividend is Thursday, March 27th.

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.