Essex Financial Services Inc. Has $281,000 Stock Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Essex Financial Services Inc. decreased its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,660 shares of the company’s stock after selling 78 shares during the period. Essex Financial Services Inc.’s holdings in Vanguard Mega Cap ETF were worth $281,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Key Financial Inc bought a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth $29,000. Baystate Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth $79,000. Global Retirement Partners LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 17.1% during the 4th quarter. Global Retirement Partners LLC now owns 637 shares of the company’s stock worth $108,000 after buying an additional 93 shares during the period. MGO One Seven LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 3rd quarter worth $202,000. Finally, Well Done LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth $215,000.

Vanguard Mega Cap ETF Trading Up 1.4 %

NYSEARCA MGC opened at $183.23 on Friday. The company has a fifty day simple moving average of $183.30 and a 200 day simple moving average of $172.26. The company has a market cap of $5.28 billion, a P/E ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a 1 year low of $141.84 and a 1 year high of $187.68.

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.