Front Row Advisors LLC Raises Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Front Row Advisors LLC raised its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,665 shares of the company’s stock after buying an additional 265 shares during the quarter. Front Row Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York Life Investment Management LLC boosted its position in shares of Vanguard Mega Cap ETF by 3.3% during the 4th quarter. New York Life Investment Management LLC now owns 536,666 shares of the company’s stock valued at $114,127,000 after acquiring an additional 17,030 shares during the last quarter. Leavell Investment Management Inc. lifted its position in Vanguard Mega Cap ETF by 3.3% during the fourth quarter. Leavell Investment Management Inc. now owns 470,036 shares of the company’s stock valued at $99,958,000 after purchasing an additional 15,008 shares during the last quarter. LPL Financial LLC grew its stake in Vanguard Mega Cap ETF by 13.5% in the 4th quarter. LPL Financial LLC now owns 429,445 shares of the company’s stock worth $91,326,000 after buying an additional 51,072 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Vanguard Mega Cap ETF by 1.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 410,655 shares of the company’s stock worth $87,330,000 after buying an additional 7,712 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Vanguard Mega Cap ETF in the 4th quarter worth $65,366,000.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA MGC opened at $201.38 on Tuesday. Vanguard Mega Cap ETF has a 52-week low of $176.66 and a 52-week high of $222.75. The company has a fifty day moving average of $213.01 and a 200-day moving average of $212.24. The company has a market capitalization of $6.20 billion, a P/E ratio of 26.29 and a beta of 1.01.

Vanguard Mega Cap ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.5985 per share. The ex-dividend date was 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.