Patten & Patten Inc. TN Raises Stock Holdings in Vanguard Mega Cap ETF $MGC

Patten & Patten Inc. TN increased its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 69.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,293 shares of the company’s stock after purchasing an additional 19,005 shares during the quarter. Patten & Patten Inc. TN owned approximately 0.13% of Vanguard Mega Cap ETF worth $11,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 577.3% during the second quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after purchasing an additional 891,030 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Vanguard Mega Cap ETF by 65.4% during the second quarter. Envestnet Asset Management Inc. now owns 863,882 shares of the company’s stock worth $194,304,000 after buying an additional 341,492 shares during the period. New York Life Investment Management LLC boosted its stake in Vanguard Mega Cap ETF by 15.4% in the 2nd quarter. New York Life Investment Management LLC now owns 576,611 shares of the company’s stock worth $129,691,000 after buying an additional 76,736 shares during the last quarter. Leavell Investment Management Inc. grew its holdings in Vanguard Mega Cap ETF by 1.5% in the 3rd quarter. Leavell Investment Management Inc. now owns 501,734 shares of the company’s stock valued at $122,759,000 after buying an additional 7,571 shares during the period. Finally, RiverFront Investment Group LLC increased its stake in shares of Vanguard Mega Cap ETF by 30,480.3% during the 2nd quarter. RiverFront Investment Group LLC now owns 476,135 shares of the company’s stock valued at $107,092,000 after acquiring an additional 474,578 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

MGC opened at $252.31 on Friday. The company’s 50 day simple moving average is $250.87 and its 200 day simple moving average is $243.25. Vanguard Mega Cap ETF has a 1 year low of $173.32 and a 1 year high of $255.60. The stock has a market capitalization of $9.90 billion, a PE ratio of 26.06 and a beta of 1.01.

Vanguard Mega Cap ETF 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.