Macco Financial Group Inc. Invests $5.57 Million in Vanguard Mega Cap ETF $MGC

Macco Financial Group Inc. bought a new stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,169 shares of the company’s stock, valued at approximately $5,568,000. Vanguard Mega Cap ETF makes up about 4.8% of Macco Financial Group Inc.’s investment portfolio, making the stock its 7th biggest position. Macco Financial Group Inc. owned approximately 0.06% of Vanguard Mega Cap ETF as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Blue Trust Inc. acquired a new stake in Vanguard Mega Cap ETF during the fourth quarter valued at $48,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Vanguard Mega Cap ETF in the fourth quarter worth about $48,000. GGM Financials LLC acquired a new position in shares of Vanguard Mega Cap ETF in the third quarter worth about $77,000. Entrust Financial LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth about $102,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Vanguard Mega Cap ETF by 816.0% during the 4th quarter. Sound Income Strategies LLC now owns 458 shares of the company’s stock worth $116,000 after acquiring an additional 408 shares in the last quarter.

Vanguard Mega Cap ETF Stock Up 1.1%

NYSEARCA:MGC opened at $274.85 on Friday. Vanguard Mega Cap ETF has a 52 week low of $215.45 and a 52 week high of $280.10. The stock has a market capitalization of $9.84 billion, a PE ratio of 26.06 and a beta of 1.01. The stock’s 50-day moving average price is $267.44 and its 200-day moving average price is $255.23.

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.