Spartan Wealth Advisory Services LLC Buys New Position in Vanguard Mega Cap ETF $MGC

Spartan Wealth Advisory Services LLC purchased a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 23,221 shares of the company’s stock, valued at approximately $5,488,000.

Several other large investors also recently bought and sold shares of MGC. Independent Financial Group LLC acquired a new position in shares of Vanguard Mega Cap ETF during the first quarter worth $742,000. D.A. Davidson & CO. grew its holdings in Vanguard Mega Cap ETF by 16.1% during the 1st quarter. D.A. Davidson & CO. now owns 5,708 shares of the company’s stock valued at $1,349,000 after purchasing an additional 793 shares in the last quarter. Beaumont Financial Advisors LLC grew its holdings in Vanguard Mega Cap ETF by 1.5% during the 1st quarter. Beaumont Financial Advisors LLC now owns 4,117 shares of the company’s stock valued at $973,000 after purchasing an additional 60 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Vanguard Mega Cap ETF by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 42,450 shares of the company’s stock valued at $10,033,000 after purchasing an additional 486 shares in the last quarter. Finally, Fortress Financial Solutions LLC increased its stake in Vanguard Mega Cap ETF by 2.1% during the 1st quarter. Fortress Financial Solutions LLC now owns 10,787 shares of the company’s stock worth $2,550,000 after buying an additional 224 shares during the period.

Vanguard Mega Cap ETF Price Performance

Shares of MGC stock opened at $272.04 on Friday. Vanguard Mega Cap ETF has a 12 month low of $225.44 and a 12 month high of $280.10. The firm has a market capitalization of $9.95 billion, a P/E ratio of 26.06 and a beta of 1.01. The company’s fifty day moving average price is $273.50 and its two-hundred day moving average price is $258.36.

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.