Patten & Patten Inc. TN Has $15.81 Million Stock Position in Vanguard Mega Cap ETF $MGC

Patten & Patten Inc. TN grew its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 36.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,941 shares of the company’s stock after buying an additional 16,648 shares during the quarter. Patten & Patten Inc. TN’s holdings in Vanguard Mega Cap ETF were worth $15,809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. National Wealth Management Group LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 2.6% in the fourth quarter. National Wealth Management Group LLC now owns 1,568 shares of the company’s stock worth $394,000 after buying an additional 40 shares during the period. Brooklyn FI LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 0.7% in the fourth quarter. Brooklyn FI LLC now owns 6,453 shares of the company’s stock worth $1,621,000 after buying an additional 42 shares during the period. Pinnacle Financial Partners Inc. boosted its holdings in shares of Vanguard Mega Cap ETF by 1.4% in the third quarter. Pinnacle Financial Partners Inc. now owns 3,089 shares of the company’s stock worth $754,000 after buying an additional 42 shares during the period. Keystone Financial Group boosted its holdings in shares of Vanguard Mega Cap ETF by 2.8% in the third quarter. Keystone Financial Group now owns 1,666 shares of the company’s stock worth $407,000 after buying an additional 46 shares during the period. Finally, Savant Capital LLC lifted its position in shares of Vanguard Mega Cap ETF by 0.4% in the third quarter. Savant Capital LLC now owns 12,410 shares of the company’s stock worth $3,029,000 after purchasing an additional 51 shares in the last quarter.

Vanguard Mega Cap ETF Price Performance

NYSEARCA MGC opened at $271.06 on Friday. The company has a 50 day simple moving average of $248.46 and a 200-day simple moving average of $249.86. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 52-week low of $203.23 and a 52-week high of $271.13.

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.