Kestra Advisory Services LLC Buys 7,818 Shares of Vanguard Mega Cap ETF $MGC

Kestra Advisory Services LLC boosted its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 4.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 186,685 shares of the company’s stock after acquiring an additional 7,818 shares during the quarter. Kestra Advisory Services LLC’s holdings in Vanguard Mega Cap ETF were worth $52,703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in Vanguard Mega Cap ETF by 0.4% during the 1st quarter. Bank of America Corp DE now owns 1,561,792 shares of the company’s stock worth $369,130,000 after purchasing an additional 5,869 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the 3rd quarter valued at about $176,493,000. PNC Financial Services Group Inc. lifted its holdings in shares of Vanguard Mega Cap ETF by 0.9% in the first quarter. PNC Financial Services Group Inc. now owns 437,692 shares of the company’s stock valued at $103,449,000 after purchasing an additional 4,105 shares in the last quarter. Verus Financial Partners Inc. bought a new stake in shares of Vanguard Mega Cap ETF in the third quarter valued at about $56,776,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Vanguard Mega Cap ETF during the third quarter worth about $46,703,000.

Vanguard Mega Cap ETF Trading Up 0.4%

Shares of MGC stock traded up $1.18 on Friday, hitting $269.29. 163,329 shares of the stock were exchanged, compared to its average volume of 120,847. The firm has a market capitalization of $9.82 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a fifty-two week low of $228.37 and a fifty-two week high of $289.10. The business has a 50-day moving average of $282.15 and a 200 day moving average of $267.54.

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.