Envestnet Asset Management Inc. Decreases Position in Vanguard Mega Cap ETF $MGC

Envestnet Asset Management Inc. decreased its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,369,826 shares of the company’s stock after selling 27,327 shares during the quarter. Envestnet Asset Management Inc. owned about 9.18% of Vanguard Mega Cap ETF worth $922,086,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MGC. Integrated Wealth Concepts LLC raised its holdings in Vanguard Mega Cap ETF by 6.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,647 shares of the company’s stock valued at $998,000 after buying an additional 236 shares during the period. NewEdge Advisors LLC boosted its stake in Vanguard Mega Cap ETF by 172.4% during the second quarter. NewEdge Advisors LLC now owns 30,685 shares of the company’s stock worth $8,397,000 after buying an additional 19,419 shares during the period. Allworth Financial LP boosted its stake in Vanguard Mega Cap ETF by 8.3% during the second quarter. Allworth Financial LP now owns 5,246 shares of the company’s stock worth $1,436,000 after buying an additional 402 shares during the period. Waverly Advisors LLC boosted its stake in Vanguard Mega Cap ETF by 26.7% during the second quarter. Waverly Advisors LLC now owns 1,425 shares of the company’s stock worth $390,000 after buying an additional 300 shares during the period. Finally, Corient Private Wealth LP increased its position in Vanguard Mega Cap ETF by 28.0% during the second quarter. Corient Private Wealth LP now owns 4,156 shares of the company’s stock valued at $1,137,000 after acquiring an additional 909 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

Shares of MGC traded down $2.24 during midday trading on Wednesday, hitting $284.57. The stock had a trading volume of 67,839 shares, compared to its average volume of 123,490. The stock’s 50 day moving average is $279.05 and its 200 day moving average is $267.61. The firm has a market cap of $10.45 billion, a PE ratio of 26.06 and a beta of 1.02. Vanguard Mega Cap ETF has a 1 year low of $228.37 and a 1 year high of $287.52.

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.