Financial Services Advisory Inc Increases Stake in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Financial Services Advisory Inc grew its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 96,099 shares of the company’s stock after purchasing an additional 2,188 shares during the quarter. Vanguard Mega Cap ETF comprises approximately 4.8% of Financial Services Advisory Inc’s investment portfolio, making the stock its 8th largest position. Financial Services Advisory Inc’s holdings in Vanguard Mega Cap ETF were worth $19,858,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MGC. New York Life Investment Management LLC raised its stake in Vanguard Mega Cap ETF by 9.8% during the second quarter. New York Life Investment Management LLC now owns 601,732 shares of the company’s stock worth $118,716,000 after buying an additional 53,817 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of 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 valued at $87,556,000 after purchasing an additional 3,073 shares in the last quarter. Apella Capital LLC boosted its position in shares of Vanguard Mega Cap ETF by 14.8% during the 3rd quarter. Apella Capital LLC now owns 441,217 shares of the company’s stock valued at $90,220,000 after purchasing an additional 56,991 shares in the last quarter. Leavell Investment Management Inc. increased its holdings in Vanguard Mega Cap ETF by 3.6% in the second quarter. Leavell Investment Management Inc. now owns 430,635 shares of the company’s stock worth $85,225,000 after purchasing an additional 15,031 shares in the last quarter. Finally, Cadence Bank lifted its stake in Vanguard Mega Cap ETF by 0.7% in the first quarter. Cadence Bank now owns 425,246 shares of the company’s stock valued at $79,466,000 after buying an additional 3,101 shares during the period.

Vanguard Mega Cap ETF Stock Up 2.5 %

NYSEARCA:MGC opened at $212.88 on Thursday. Vanguard Mega Cap ETF has a twelve month low of $155.08 and a twelve month high of $213.18. The company has a fifty day moving average of $205.23 and a 200-day moving average of $197.73. The firm has a market capitalization of $6.14 billion, a P/E ratio of 26.93 and a beta of 1.02.

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.