Procyon Advisors LLC Invests $111.92 Million in Vanguard Mega Cap ETF $MGC

Procyon Advisors LLC bought a new stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 458,515 shares of the company’s stock, valued at approximately $111,919,000. Vanguard Mega Cap ETF accounts for about 2.0% of Procyon Advisors LLC’s holdings, making the stock its 2nd biggest position.

Several other institutional investors also recently modified their holdings of MGC. AE Wealth Management LLC grew its stake in shares of Vanguard Mega Cap ETF by 5.5% in the 2nd quarter. AE Wealth Management LLC now owns 1,105 shares of the company’s stock valued at $249,000 after purchasing an additional 58 shares during the period. D.A. Davidson & CO. grew its position in shares of Vanguard Mega Cap ETF by 1.4% during the 2nd quarter. D.A. Davidson & CO. now owns 4,448 shares of the company’s stock worth $1,001,000 after buying an additional 60 shares during the period. Financial Freedom LLC lifted its stake in shares of Vanguard Mega Cap ETF by 0.6% in the 2nd quarter. Financial Freedom LLC now owns 10,197 shares of the company’s stock valued at $2,294,000 after purchasing an additional 60 shares during the period. Golden State Equity Partners boosted its holdings in Vanguard Mega Cap ETF by 6.6% during the third quarter. Golden State Equity Partners now owns 1,089 shares of the company’s stock worth $266,000 after buying an additional 67 shares during the last quarter. Finally, World Investment Advisors increased its stake in shares of Vanguard Mega Cap ETF by 2.3% in the 2nd quarter. World Investment Advisors now owns 3,536 shares of the company’s stock valued at $795,000 after acquiring an additional 78 shares during the last quarter.

Vanguard Mega Cap ETF Trading Down 0.7%

MGC stock opened at $252.76 on Thursday. The business’s 50-day moving average price is $250.50 and its two-hundred day moving average price is $241.98. The firm has a market cap of $9.92 billion, a PE ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 1-year low of $173.32 and a 1-year high of $255.60.

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.