Level Four Advisory Services LLC Cuts Stock Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Level Four Advisory Services LLC lowered its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 46.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,032 shares of the company’s stock after selling 5,271 shares during the period. Level Four Advisory Services LLC’s holdings in Vanguard Mega Cap ETF were worth $1,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MGC. Golden State Wealth Management LLC purchased a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth approximately $29,000. Decker Retirement Planning Inc. purchased a new position in Vanguard Mega Cap ETF in the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at $31,000. Key Financial Inc purchased a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth $40,000. Finally, Tsfg LLC acquired a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth $42,000.

Vanguard Mega Cap ETF Stock Down 2.1 %

Shares of MGC opened at $200.30 on Friday. Vanguard Mega Cap ETF has a 52-week low of $176.66 and a 52-week high of $222.75. The company has a 50-day simple moving average of $213.31 and a 200-day simple moving average of $212.15. The company has a market capitalization of $6.17 billion, a PE ratio of 26.29 and a beta of 1.01.

Vanguard Mega Cap ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.5985 per share. The ex-dividend date is Thursday, March 27th.

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.