Vanguard Mega Cap ETF (NYSEARCA:MGC) Sees Strong Trading Volume

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares saw unusually-high trading volume on Thursday . Approximately 60,496 shares traded hands during mid-day trading, a decline of 27% from the previous session’s volume of 83,258 shares.The stock last traded at $179.61 and had previously closed at $179.41.

Vanguard Mega Cap ETF Price Performance

The firm has a market cap of $5.19 billion, a P/E ratio of 27.80 and a beta of 1.01. The firm’s 50-day moving average price is $183.15 and its 200 day moving average price is $170.12.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can acquired a new stake in Vanguard Mega Cap ETF during the first quarter worth about $49,000. Raymond James Trust N.A. bought a new stake in shares of Vanguard Mega Cap ETF in the 1st quarter worth approximately $226,000. Synovus Financial Corp lifted its holdings in shares of Vanguard Mega Cap ETF by 5.1% in the 1st quarter. Synovus Financial Corp now owns 3,077 shares of the company’s stock worth $491,000 after purchasing an additional 150 shares during the last quarter. Blair William & Co. IL boosted its position in Vanguard Mega Cap ETF by 47.2% during the 1st quarter. Blair William & Co. IL now owns 2,792 shares of the company’s stock valued at $444,000 after purchasing an additional 895 shares during the period. Finally, Cetera Investment Advisers grew its stake in Vanguard Mega Cap ETF by 17.3% during the 1st quarter. Cetera Investment Advisers now owns 5,918 shares of the company’s stock worth $941,000 after buying an additional 871 shares during the last quarter.

Vanguard Mega Cap ETF Company 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.