Sandy Spring Bank Lowers Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Sandy Spring Bank cut its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 4.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,180 shares of the company’s stock after selling 160 shares during the quarter. Sandy Spring Bank’s holdings in Vanguard Mega Cap ETF were worth $676,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of MGC. Larson Financial Group LLC raised its holdings in Vanguard Mega Cap ETF by 12.6% during the third quarter. Larson Financial Group LLC now owns 474 shares of the company’s stock valued at $98,000 after acquiring an additional 53 shares during the period. Geneos Wealth Management Inc. raised its holdings in Vanguard Mega Cap ETF by 6.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,029 shares of the company’s stock valued at $219,000 after acquiring an additional 64 shares during the period. Zega Financial LLC raised its holdings in Vanguard Mega Cap ETF by 5.6% during the third quarter. Zega Financial LLC now owns 1,290 shares of the company’s stock valued at $267,000 after acquiring an additional 68 shares during the period. Prosperity Wealth Management Inc. raised its holdings in Vanguard Mega Cap ETF by 7.5% during the fourth quarter. Prosperity Wealth Management Inc. now owns 1,074 shares of the company’s stock valued at $228,000 after acquiring an additional 75 shares during the period. Finally, Jackson Wealth Management LLC raised its holdings in Vanguard Mega Cap ETF by 0.4% during the fourth quarter. Jackson Wealth Management LLC now owns 18,873 shares of the company’s stock valued at $4,014,000 after acquiring an additional 77 shares during the period.

Vanguard Mega Cap ETF Stock Up 0.2 %

NYSEARCA:MGC opened at $204.45 on Friday. The business’s 50-day simple moving average is $214.09 and its two-hundred day simple moving average is $211.76. The stock has a market cap of $6.29 billion, a PE ratio of 26.29 and a beta of 1.01. Vanguard Mega Cap ETF has a 52 week low of $176.66 and a 52 week high of $222.75.

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.