Orion Portfolio Solutions LLC Has $33.69 Million Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Orion Portfolio Solutions LLC trimmed its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,428 shares of the company’s stock after selling 14,124 shares during the period. Orion Portfolio Solutions LLC owned about 0.55% of Vanguard Mega Cap ETF worth $33,691,000 at the end of the most recent quarter.

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

Vanguard Mega Cap ETF Stock Down 0.6 %

Shares of MGC stock opened at $204.68 on Friday. The firm has a market cap of $6.30 billion, a P/E ratio of 26.29 and a beta of 1.01. Vanguard Mega Cap ETF has a 12-month low of $176.66 and a 12-month high of $222.75. The company has a 50 day moving average of $213.64 and a 200-day moving average of $212.02.

Vanguard Mega Cap ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a $0.5985 dividend. The ex-dividend date is Thursday, March 27th.

Vanguard Mega Cap ETF 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.