Nations Financial Group Inc. IA ADV Boosts Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Nations Financial Group Inc. IA ADV boosted its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,541 shares of the company’s stock after acquiring an additional 62 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Vanguard Mega Cap ETF were worth $1,615,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MGC. Key Financial Inc purchased a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth approximately $29,000. Principal Securities Inc. purchased a new position in Vanguard Mega Cap ETF during the 4th quarter worth $55,000. Baystate Wealth Management LLC acquired a new position in Vanguard Mega Cap ETF in the 4th quarter valued at about $79,000. Global Retirement Partners LLC increased its holdings in shares of Vanguard Mega Cap ETF by 17.1% in the fourth quarter. Global Retirement Partners LLC now owns 637 shares of the company’s stock valued at $108,000 after purchasing an additional 93 shares during the period. Finally, M&T Bank Corp acquired a new position in Vanguard Mega Cap ETF in the 4th quarter valued at $208,000.

Vanguard Mega Cap ETF Price Performance

Shares of MGC stock traded up $1.21 during trading hours on Friday, reaching $190.20. 112,468 shares of the company’s stock were exchanged, compared to its average volume of 83,052. Vanguard Mega Cap ETF has a 1 year low of $145.73 and a 1 year high of $191.55. The company’s 50 day moving average is $184.80 and its two-hundred day moving average is $176.10. The company has a market cap of $5.48 billion, a P/E ratio of 26.93 and a beta of 1.02.

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.