Vanguard Mega Cap ETF $MGC Shares Newly Acquired by Steph & Co.

Steph & Co. acquired a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 44,107 shares of the company’s stock, valued at approximately $12,452,000. Vanguard Mega Cap ETF makes up approximately 3.1% of Steph & Co.’s investment portfolio, making the stock its 5th biggest holding. Steph & Co. owned 0.12% of Vanguard Mega Cap ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MGC. International Assets Investment Management LLC acquired a new position in Vanguard Mega Cap ETF during the 1st quarter worth approximately $27,000. Winch Advisory Services LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the 1st quarter valued at approximately $34,000. SHP Wealth Management acquired a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter valued at approximately $68,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Vanguard Mega Cap ETF in the first quarter valued at approximately $71,000. Finally, NBT Bank N A NY boosted its stake in shares of Vanguard Mega Cap ETF by 49.0% in the first quarter. NBT Bank N A NY now owns 374 shares of the company’s stock valued at $88,000 after buying an additional 123 shares in the last quarter.

Vanguard Mega Cap ETF Stock Down 0.1%

MGC stock traded down $0.39 on Wednesday, reaching $287.79. 104,752 shares of the company’s stock were exchanged, compared to its average volume of 123,513. The stock has a fifty day moving average of $281.53 and a 200-day moving average of $270.41. Vanguard Mega Cap ETF has a twelve month low of $228.37 and a twelve month high of $289.10. The firm has a market cap of $10.48 billion, a PE ratio of 26.06 and a beta of 1.01.

About Vanguard Mega Cap ETF

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.