Vanguard Mega Cap ETF (NYSEARCA:MGC) Shares Purchased by Destination Wealth Management

Destination Wealth Management increased its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,706 shares of the company’s stock after buying an additional 1,546 shares during the period. Destination Wealth Management owned about 0.15% of Vanguard Mega Cap ETF worth $9,031,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Vanguard Mega Cap ETF during the third quarter valued at approximately $33,000. Hershey Financial Advisers LLC acquired a new position in Vanguard Mega Cap ETF in the second quarter worth $36,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the third quarter worth $41,000. International Assets Investment Management LLC acquired a new position in shares of Vanguard Mega Cap ETF in the 2nd quarter valued at about $71,000. Finally, Larson Financial Group LLC grew its position in shares of Vanguard Mega Cap ETF by 18.3% during the 2nd quarter. Larson Financial Group LLC now owns 421 shares of the company’s stock valued at $83,000 after buying an additional 65 shares during the last quarter.

Vanguard Mega Cap ETF Trading Down 0.3 %

MGC traded down $0.68 during trading on Thursday, reaching $219.33. 975 shares of the company were exchanged, compared to its average volume of 76,699. The firm has a 50 day moving average of $211.93 and a 200 day moving average of $203.07. The stock has a market cap of $6.32 billion, a P/E ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a 52 week low of $165.70 and a 52 week high of $220.30.

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.