Vanguard Mega Cap ETF (NYSEARCA:MGC) Shares Pass Below 50 Day Moving Average – Time to Sell?

Vanguard Mega Cap ETF (NYSEARCA:MGC) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $214.31 and traded as low as $212.24. Vanguard Mega Cap ETF shares last traded at $212.66, with a volume of 98,832 shares traded.

Vanguard Mega Cap ETF Price Performance

The company has a market cap of $6.12 billion, a P/E ratio of 26.93 and a beta of 1.02. The stock has a 50-day moving average of $214.40 and a 200 day moving average of $205.63.

Institutional Trading of Vanguard Mega Cap ETF

Several large investors have recently made changes to their positions in MGC. New York Life Investment Management LLC grew its position in Vanguard Mega Cap ETF by 9.8% during the 2nd quarter. New York Life Investment Management LLC now owns 601,732 shares of the company’s stock worth $118,716,000 after acquiring an additional 53,817 shares during the last quarter. Leavell Investment Management Inc. boosted its position in Vanguard Mega Cap ETF by 5.7% during the 3rd quarter. Leavell Investment Management Inc. now owns 455,028 shares of the company’s stock worth $94,027,000 after buying an additional 24,393 shares during the period. Envestnet Asset Management Inc. grew its holdings in Vanguard Mega Cap ETF by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 443,796 shares of the company’s stock worth $87,556,000 after acquiring an additional 3,073 shares during the last quarter. Apella Capital LLC increased its position in Vanguard Mega Cap ETF by 14.8% in the 3rd quarter. Apella Capital LLC now owns 441,217 shares of the company’s stock valued at $90,220,000 after acquiring an additional 56,991 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Vanguard Mega Cap ETF by 6.0% during the second quarter. LPL Financial LLC now owns 371,148 shares of the company’s stock valued at $73,224,000 after acquiring an additional 21,026 shares during the last quarter.

Vanguard Mega Cap ETF Company Profile

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.