22,169 Shares in Vanguard Mega Cap ETF $MGC Bought by Macco Financial Group Inc.

Macco Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,169 shares of the company’s stock, valued at approximately $5,568,000. Vanguard Mega Cap ETF accounts for 4.8% of Macco Financial Group Inc.’s portfolio, making the stock its 7th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. acquired a new stake in shares of Vanguard Mega Cap ETF in the fourth quarter valued at about $48,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the fourth quarter worth about $48,000. GGM Financials LLC acquired a new position in shares of Vanguard Mega Cap ETF during the 3rd quarter worth about $77,000. Entrust Financial LLC acquired a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth about $102,000. Finally, Sound Income Strategies LLC raised its position in shares of Vanguard Mega Cap ETF by 816.0% during the 4th quarter. Sound Income Strategies LLC now owns 458 shares of the company’s stock worth $116,000 after purchasing an additional 408 shares during the last quarter.

Vanguard Mega Cap ETF Trading Up 1.1%

Shares of Vanguard Mega Cap ETF stock opened at $274.85 on Friday. Vanguard Mega Cap ETF has a twelve month low of $215.45 and a twelve month high of $280.10. The firm has a market capitalization of $9.84 billion, a PE ratio of 26.06 and a beta of 1.01. The firm’s 50-day moving average price is $267.44 and its 200 day moving average price is $255.23.

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.