MJP Associates Inc. ADV Cuts Stake in Vanguard Mega Cap ETF (NYSEARCA:MGC)

MJP Associates Inc. ADV lessened its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 1.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,604 shares of the company’s stock after selling 87 shares during the quarter. MJP Associates Inc. ADV’s holdings in Vanguard Mega Cap ETF were worth $1,047,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MGC. Envestnet Portfolio Solutions Inc. purchased a new stake in Vanguard Mega Cap ETF during the 3rd quarter worth approximately $2,925,000. FMR LLC increased its position in shares of Vanguard Mega Cap ETF by 0.8% in the 3rd quarter. FMR LLC now owns 16,226 shares of the company’s stock valued at $2,464,000 after acquiring an additional 129 shares during the period. LPL Financial LLC increased its position in shares of Vanguard Mega Cap ETF by 5.4% in the 3rd quarter. LPL Financial LLC now owns 316,353 shares of the company’s stock valued at $48,045,000 after acquiring an additional 16,265 shares during the period. Truist Financial Corp raised its stake in Vanguard Mega Cap ETF by 4.5% in the 3rd quarter. Truist Financial Corp now owns 246,623 shares of the company’s stock worth $37,455,000 after acquiring an additional 10,549 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Vanguard Mega Cap ETF by 9.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 419,314 shares of the company’s stock worth $63,729,000 after acquiring an additional 36,284 shares during the period.

Vanguard Mega Cap ETF Trading Down 0.2 %

Shares of MGC stock traded down $0.42 during mid-day trading on Friday, reaching $197.72. The stock had a trading volume of 51,555 shares, compared to its average volume of 81,147. Vanguard Mega Cap ETF has a 1-year low of $145.94 and a 1-year high of $199.30. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The business’s fifty day moving average is $187.95 and its 200-day moving average is $180.77.

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.