Forvis Mazars Wealth Advisors LLC Lowers Stake in Vanguard Mega Cap ETF $MGC

Forvis Mazars Wealth Advisors LLC reduced its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,220 shares of the company’s stock after selling 4,661 shares during the quarter. Vanguard Mega Cap ETF makes up about 0.9% of Forvis Mazars Wealth Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Forvis Mazars Wealth Advisors LLC owned approximately 0.55% of Vanguard Mega Cap ETF worth $47,163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MGC. Kilter Group LLC bought a new position in Vanguard Mega Cap ETF in the 2nd quarter worth $26,000. St. Johns Investment Management Company LLC purchased a new position in shares of Vanguard Mega Cap ETF in the second quarter valued at about $34,000. Bfsg LLC boosted its stake in shares of Vanguard Mega Cap ETF by 1,165.0% in the third quarter. Bfsg LLC now owns 253 shares of the company’s stock worth $62,000 after acquiring an additional 233 shares during the period. Bank of Montreal Can boosted its stake in shares of Vanguard Mega Cap ETF by 110.8% in the second quarter. Bank of Montreal Can now owns 333 shares of the company’s stock worth $75,000 after acquiring an additional 175 shares during the period. Finally, CX Institutional grew its position in shares of Vanguard Mega Cap ETF by 277.7% during the third quarter. CX Institutional now owns 355 shares of the company’s stock worth $87,000 after purchasing an additional 261 shares in the last quarter.

Vanguard Mega Cap ETF Trading Down 2.1%

Shares of MGC opened at $247.77 on Wednesday. The business’s 50 day moving average is $250.71 and its 200 day moving average is $242.82. Vanguard Mega Cap ETF has a 12-month low of $173.32 and a 12-month high of $255.60. The company has a market capitalization of $9.72 billion, a PE ratio of 26.06 and a beta of 1.01.

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.