Vanguard Mega Cap ETF $MGC Shares Newly Acquired by Steph & Co.

Steph & Co. bought a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,107 shares of the company’s stock, valued at approximately $12,452,000. Vanguard Mega Cap ETF accounts for 3.1% of Steph & Co.’s holdings, making the stock its 5th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. lifted its position in shares of Vanguard Mega Cap ETF by 55.6% during the 1st quarter. McClarren Financial Advisors Inc. now owns 16,133 shares of the company’s stock valued at $3,813,000 after acquiring an additional 5,767 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Vanguard Mega Cap ETF by 172.4% during the 2nd quarter. NewEdge Advisors LLC now owns 30,685 shares of the company’s stock worth $8,397,000 after acquiring an additional 19,419 shares in the last quarter. Orser Capital Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter worth approximately $1,126,000. Rockefeller Capital Management L.P. increased its stake in Vanguard Mega Cap ETF by 20.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 151,253 shares of the company’s stock valued at $37,990,000 after purchasing an additional 25,550 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in Vanguard Mega Cap ETF in the 1st quarter valued at approximately $742,000.

Vanguard Mega Cap ETF Stock Performance

MGC stock traded down $0.39 during midday trading on Wednesday, hitting $287.79. 104,752 shares of the stock were exchanged, compared to its average volume of 123,513. The stock’s 50-day moving average price is $281.53 and its 200-day moving average price is $270.41. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a fifty-two week low of $228.37 and a fifty-two week high of $289.10.

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.