Diversify Wealth Management LLC Invests $1.10 Million in Vanguard Mega Cap ETF $MGC

Diversify Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the fourth quarter, HoldingsChannel reports. The fund acquired 4,311 shares of the company’s stock, valued at approximately $1,097,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MGC. Jane Street Group LLC increased its holdings in shares of Vanguard Mega Cap ETF by 312.6% during the 1st quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock worth $1,973,000 after buying an additional 7,424 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Vanguard Mega Cap ETF during the 2nd quarter worth $905,000. Raymond James Financial Inc. increased its holdings in shares of Vanguard Mega Cap ETF by 31.8% during the 2nd quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock worth $90,241,000 after buying an additional 96,754 shares during the last quarter. Garden State Investment Advisory Services LLC increased its holdings in shares of Vanguard Mega Cap ETF by 12.4% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock worth $307,000 after buying an additional 150 shares during the last quarter. Finally, IHT Wealth Management LLC increased its holdings in shares of Vanguard Mega Cap ETF by 1.8% during the 2nd quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock worth $1,292,000 after buying an additional 100 shares during the last quarter.

Vanguard Mega Cap ETF Stock Up 1.0%

MGC stock opened at $271.06 on Friday. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. The business has a fifty day simple moving average of $248.46 and a 200-day simple moving average of $249.86. Vanguard Mega Cap ETF has a 52 week low of $203.23 and a 52 week high of $271.13.

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.