Hobart Private Capital LLC Sells 25,146 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Hobart Private Capital LLC lessened its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 93.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,680 shares of the company’s stock after selling 25,146 shares during the period. Hobart Private Capital LLC’s holdings in Vanguard Mega Cap ETF were worth $314,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MGC. Global Assets Advisory LLC bought a new position in shares of Vanguard Mega Cap ETF in the 1st quarter valued at about $52,361,000. Apella Capital LLC grew its position in shares of Vanguard Mega Cap ETF by 63.6% in the 4th quarter. Apella Capital LLC now owns 251,240 shares of the company’s stock valued at $41,799,000 after acquiring an additional 97,627 shares during the period. Modera Wealth Management LLC grew its position in shares of Vanguard Mega Cap ETF by 6,409.4% in the 3rd quarter. Modera Wealth Management LLC now owns 83,776 shares of the company’s stock valued at $12,723,000 after acquiring an additional 82,489 shares during the period. Truist Financial Corp boosted its holdings in shares of Vanguard Mega Cap ETF by 33.0% during the 4th quarter. Truist Financial Corp now owns 328,112 shares of the company’s stock worth $55,543,000 after buying an additional 81,489 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Vanguard Mega Cap ETF by 18.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 503,356 shares of the company’s stock worth $85,208,000 after buying an additional 79,645 shares during the period.

Vanguard Mega Cap ETF Stock Performance

Shares of MGC stock traded up $1.22 during midday trading on Tuesday, hitting $197.94. 73,415 shares of the company were exchanged, compared to its average volume of 80,791. The firm has a market capitalization of $5.71 billion, a P/E ratio of 26.93 and a beta of 1.02. The firm’s 50 day moving average price is $188.61 and its two-hundred day moving average price is $181.37. Vanguard Mega Cap ETF has a 52 week low of $145.94 and a 52 week high of $199.30.

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.