Fiduciary Advisors Inc. Makes New Investment in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Fiduciary Advisors Inc. bought a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) during the 4th quarter, Holdings Channel reports. The institutional investor bought 23,361 shares of the company’s stock, valued at approximately $4,968,000. Vanguard Mega Cap ETF accounts for approximately 5.0% of Fiduciary Advisors Inc.’s investment portfolio, making the stock its 8th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of MGC. Decker Retirement Planning Inc. bought a new position in shares of Vanguard Mega Cap ETF in the 4th quarter worth $30,000. Ashton Thomas Securities LLC bought a new position in shares of Vanguard Mega Cap ETF in the 3rd quarter worth $33,000. Tsfg LLC bought a new position in shares of Vanguard Mega Cap ETF in the 4th quarter worth $42,000. Future Financial Wealth Managment LLC bought a new position in shares of Vanguard Mega Cap ETF in the 3rd quarter worth $41,000. Finally, Larson Financial Group LLC increased its holdings in shares of Vanguard Mega Cap ETF by 12.6% in the 3rd quarter. Larson Financial Group LLC now owns 474 shares of the company’s stock worth $98,000 after buying an additional 53 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

Shares of NYSEARCA:MGC opened at $219.30 on Friday. The company’s fifty day moving average price is $216.37 and its 200-day moving average price is $207.93. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a one year low of $173.01 and a one year high of $221.53.

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.