Phillips Financial Management LLC Sells 143 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Phillips Financial Management LLC lowered its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,122 shares of the company’s stock after selling 143 shares during the period. Phillips Financial Management LLC owned approximately 0.16% of Vanguard Mega Cap ETF worth $9,531,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. PFG Private Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter worth $31,000. Ashton Thomas Securities LLC bought a new stake in Vanguard Mega Cap ETF in the 3rd quarter worth about $33,000. Hershey Financial Advisers LLC purchased a new position in Vanguard Mega Cap ETF in the 2nd quarter worth about $36,000. Future Financial Wealth Managment LLC bought a new position in Vanguard Mega Cap ETF during the 3rd quarter valued at about $41,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the 2nd quarter valued at about $71,000.

Vanguard Mega Cap ETF Stock Down 1.5 %

MGC opened at $210.88 on Monday. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The firm has a 50 day moving average price of $207.34 and a 200-day moving average price of $199.54. Vanguard Mega Cap ETF has a twelve month low of $160.20 and a twelve month high of $216.39.

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.