Montag A & Associates Inc. Takes $4.88 Million Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Montag A & Associates Inc. purchased a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,960 shares of the company’s stock, valued at approximately $4,883,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in shares of Vanguard Mega Cap ETF by 12.6% in the third quarter. Larson Financial Group LLC now owns 474 shares of the company’s stock worth $98,000 after purchasing an additional 53 shares during the last quarter. Diversify Advisory Services LLC raised its position in Vanguard Mega Cap ETF by 3.2% during the 3rd quarter. Diversify Advisory Services LLC now owns 1,880 shares of the company’s stock worth $396,000 after buying an additional 58 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Vanguard Mega Cap ETF by 6.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,029 shares of the company’s stock valued at $219,000 after acquiring an additional 64 shares during the period. Zega Financial LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 5.6% in the 3rd quarter. Zega Financial LLC now owns 1,290 shares of the company’s stock valued at $267,000 after acquiring an additional 68 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of Vanguard Mega Cap ETF by 0.8% in the third quarter. Nations Financial Group Inc. IA ADV now owns 9,382 shares of the company’s stock worth $1,939,000 after acquiring an additional 76 shares during the period.

Vanguard Mega Cap ETF Price Performance

NYSEARCA MGC opened at $221.78 on Friday. The company has a fifty day moving average of $216.95 and a 200 day moving average of $209.59. The company has a market capitalization of $6.39 billion, a PE ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a 1 year low of $176.66 and a 1 year high of $222.01.

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.