Beacon Financial Group Purchases 28,738 Shares of Vanguard Mega Cap ETF $MGC

Beacon Financial Group lifted its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 102.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 56,875 shares of the company’s stock after buying an additional 28,738 shares during the quarter. Vanguard Mega Cap ETF accounts for about 1.4% of Beacon Financial Group’s holdings, making the stock its 17th biggest position. Beacon Financial Group’s holdings in Vanguard Mega Cap ETF were worth $13,883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Steph & Co. grew its holdings in Vanguard Mega Cap ETF by 3.8% during the 3rd quarter. Steph & Co. now owns 36,562 shares of the company’s stock worth $8,924,000 after acquiring an additional 1,336 shares during the last quarter. Hobart Private Capital LLC raised its stake in shares of Vanguard Mega Cap ETF by 102.3% during the third quarter. Hobart Private Capital LLC now owns 50,318 shares of the company’s stock valued at $12,282,000 after acquiring an additional 25,450 shares during the last quarter. National Wealth Management Group LLC lifted its holdings in shares of Vanguard Mega Cap ETF by 22.4% during the second quarter. National Wealth Management Group LLC now owns 1,432 shares of the company’s stock worth $322,000 after purchasing an additional 262 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Vanguard Mega Cap ETF by 76.3% during the second quarter. Geneos Wealth Management Inc. now owns 1,791 shares of the company’s stock worth $403,000 after purchasing an additional 775 shares during the period. Finally, Corient Private Wealth LLC grew its stake in shares of Vanguard Mega Cap ETF by 88.0% in the second quarter. Corient Private Wealth LLC now owns 6,114 shares of the company’s stock worth $1,376,000 after purchasing an additional 2,862 shares during the last quarter.

Vanguard Mega Cap ETF Stock Down 1.3%

Shares of NYSEARCA:MGC opened at $246.26 on Thursday. The firm has a market cap of $8.63 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 12-month low of $173.32 and a 12-month high of $254.46. The business has a fifty day simple moving average of $248.34 and a 200 day simple moving average of $237.15.

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.