BTC Capital Management Inc. Makes New Investment in Vanguard Mega Cap ETF $MGC

BTC Capital Management Inc. bought a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,230 shares of the company’s stock, valued at approximately $560,000.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Vanguard Mega Cap ETF by 99.2% during the third quarter. Envestnet Asset Management Inc. now owns 1,720,955 shares of the company’s stock valued at $420,068,000 after acquiring an additional 857,073 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in Vanguard Mega Cap ETF by 577.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after purchasing an additional 891,030 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Vanguard Mega Cap ETF by 23.4% during the 3rd quarter. New York Life Investment Management LLC now owns 711,400 shares of the company’s stock worth $173,646,000 after purchasing an additional 134,789 shares during the period. Vantagepoint Investment Advisers LLC purchased a new position in Vanguard Mega Cap ETF during the 3rd quarter worth $161,189,000. Finally, Leavell Investment Management Inc. raised its position in Vanguard Mega Cap ETF by 1.5% during the 3rd quarter. Leavell Investment Management Inc. now owns 501,734 shares of the company’s stock valued at $122,759,000 after purchasing an additional 7,571 shares in the last quarter.

Vanguard Mega Cap ETF Stock Up 0.8%

Shares of NYSEARCA MGC opened at $238.26 on Thursday. Vanguard Mega Cap ETF has a twelve month low of $173.32 and a twelve month high of $255.75. The firm has a market cap of $9.35 billion, a PE ratio of 26.06 and a beta of 1.01. The business has a fifty day simple moving average of $246.76 and a two-hundred day simple moving average of $247.97.

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.