Exchange Traded Concepts LLC Purchases New Position in Vanguard Mega Cap ETF $MGC

Exchange Traded Concepts LLC acquired a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 44,270 shares of the company’s stock, valued at approximately $11,119,000.

A number of other hedge funds have also bought and sold shares of MGC. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Vanguard Mega Cap ETF by 14.3% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 83,092 shares of the company’s stock worth $20,282,000 after acquiring an additional 10,383 shares during the period. BCGM Wealth Management LLC grew its position in shares of Vanguard Mega Cap ETF by 97.3% in the third quarter. BCGM Wealth Management LLC now owns 38,081 shares of the company’s stock valued at $9,295,000 after purchasing an additional 18,783 shares in the last quarter. BAM Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 3rd quarter valued at $806,000. Beacon Financial Group raised its stake in shares of Vanguard Mega Cap ETF by 102.1% during the 3rd quarter. Beacon Financial Group now owns 56,875 shares of the company’s stock valued at $13,883,000 after purchasing an additional 28,738 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in Vanguard Mega Cap ETF by 8.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 210,501 shares of the company’s stock worth $51,381,000 after purchasing an additional 16,074 shares in the last quarter.

Vanguard Mega Cap ETF Price Performance

Shares of NYSEARCA MGC opened at $230.07 on Monday. Vanguard Mega Cap ETF has a 52 week low of $173.32 and a 52 week high of $255.75. The business has a 50-day simple moving average of $247.71 and a two-hundred day simple moving average of $248.14. The company has a market cap of $9.03 billion, a P/E 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.