Cetera Investment Advisers Cuts Stake in Vanguard Mega Cap ETF $MGC

Cetera Investment Advisers cut its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 1.0% during the first quarter, Holdings Channel reports. The firm owned 291,972 shares of the company’s stock after selling 2,871 shares during the quarter. Cetera Investment Advisers’ holdings in Vanguard Mega Cap ETF were worth $69,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MGC. Orion Porfolio Solutions LLC raised its position 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 valued at $235,127,000 after buying an additional 891,030 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Vanguard Mega Cap ETF by 31.8% during the second quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock worth $90,241,000 after acquiring an additional 96,754 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Vanguard Mega Cap ETF by 547.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 101,025 shares of the company’s stock worth $25,374,000 after acquiring an additional 85,413 shares during the last quarter. Win Advisors Inc. purchased a new position in Vanguard Mega Cap ETF during the fourth quarter valued at $21,008,000. Finally, Wellington Management Group LLP purchased a new position in Vanguard Mega Cap ETF during the third quarter valued at $16,972,000.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA MGC opened at $269.78 on Friday. The company has a market cap of $9.87 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 52-week low of $225.44 and a 52-week high of $280.10. The firm’s fifty day moving average is $273.41 and its two-hundred day moving average is $259.06.

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.