USAdvisors Wealth Management LLC Boosts Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

USAdvisors Wealth Management LLC raised its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,786 shares of the company’s stock after acquiring an additional 509 shares during the period. Vanguard Mega Cap ETF makes up about 1.4% of USAdvisors Wealth Management LLC’s holdings, making the stock its 23rd largest holding. USAdvisors Wealth Management LLC’s holdings in Vanguard Mega Cap ETF were worth $4,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MGC. Decker Retirement Planning Inc. purchased a new position in Vanguard Mega Cap ETF during the fourth quarter valued at $30,000. Ashton Thomas Securities LLC bought a new position in shares of Vanguard Mega Cap ETF during the 3rd quarter valued at about $33,000. Tsfg LLC purchased a new position in shares of Vanguard Mega Cap ETF during the fourth quarter valued at about $42,000. Future Financial Wealth Managment LLC bought a new stake in shares of Vanguard Mega Cap ETF in the third quarter worth about $41,000. Finally, Larson Financial Group LLC lifted its position in shares of Vanguard Mega Cap ETF by 12.6% in the third quarter. Larson Financial Group LLC now owns 474 shares of the company’s stock worth $98,000 after buying an additional 53 shares in the last quarter.

Vanguard Mega Cap ETF Price Performance

NYSEARCA MGC opened at $218.42 on Thursday. Vanguard Mega Cap ETF has a 1-year low of $173.01 and a 1-year high of $221.53. The business has a 50 day simple moving average of $216.25 and a two-hundred day simple moving average of $207.86. The stock has a market capitalization of $6.30 billion, a PE ratio of 26.93 and a beta of 1.02.

Vanguard Mega Cap ETF 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.