Patten & Patten Inc. TN Takes Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Patten & Patten Inc. TN acquired a new stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,878 shares of the company’s stock, valued at approximately $2,951,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Golden State Wealth Management LLC bought a new position in shares of Vanguard Mega Cap ETF during the fourth quarter valued at approximately $29,000. Decker Retirement Planning Inc. bought a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Vanguard Mega Cap ETF during the fourth quarter valued at $31,000. Key Financial Inc bought a new stake in Vanguard Mega Cap ETF in the 4th quarter worth about $40,000. Finally, Tsfg LLC bought a new position in Vanguard Mega Cap ETF during the 4th quarter valued at about $42,000.

Vanguard Mega Cap ETF Stock Up 2.1 %

MGC opened at $203.45 on Friday. Vanguard Mega Cap ETF has a twelve month low of $176.66 and a twelve month high of $222.75. The firm has a 50 day moving average price of $215.07 and a 200-day moving average price of $211.76. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 26.29 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.