Vanguard Mega Cap ETF (NYSEARCA:MGC) is Summit Wealth & Retirement Planning Inc.’s Largest Position

Summit Wealth & Retirement Planning Inc. lifted its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 20.8% in the fourth quarter, HoldingsChannel reports. The firm owned 223,935 shares of the company’s stock after purchasing an additional 38,563 shares during the quarter. Vanguard Mega Cap ETF accounts for 14.7% of Summit Wealth & Retirement Planning Inc.’s portfolio, making the stock its largest position. Summit Wealth & Retirement Planning Inc.’s holdings in Vanguard Mega Cap ETF were worth $47,622,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MGC. Leavell Investment Management Inc. grew its position in Vanguard Mega Cap ETF by 5.7% in the third quarter. Leavell Investment Management Inc. now owns 455,028 shares of the company’s stock worth $94,027,000 after acquiring an additional 24,393 shares in the last quarter. Verus Financial Partners Inc. increased its position in shares of Vanguard Mega Cap ETF by 0.4% during the 3rd quarter. Verus Financial Partners Inc. now owns 223,343 shares of the company’s stock valued at $45,691,000 after purchasing an additional 822 shares during the last quarter. Captrust Financial Advisors lifted its position in Vanguard Mega Cap ETF by 98.4% in the third quarter. Captrust Financial Advisors now owns 197,628 shares of the company’s stock worth $40,838,000 after buying an additional 97,999 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in shares of Vanguard Mega Cap ETF by 101.0% in the third quarter. Mesirow Financial Investment Management Inc. now owns 196,948 shares of the company’s stock valued at $40,698,000 after acquiring an additional 98,974 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Vanguard Mega Cap ETF by 4.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 193,374 shares of the company’s stock worth $39,959,000 after acquiring an additional 8,613 shares during the last quarter.

Vanguard Mega Cap ETF Trading Down 1.0 %

MGC stock opened at $217.86 on Friday. Vanguard Mega Cap ETF has a 12 month low of $176.49 and a 12 month high of $221.53. The stock has a market cap of $6.28 billion, a PE ratio of 26.93 and a beta of 1.02. The company has a 50-day moving average price of $216.76 and a 200 day moving average price of $208.65.

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.