Sovran Advisors LLC Trims Stock Holdings in Vanguard Mega Cap ETF $MGC

Sovran Advisors LLC lowered its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,433 shares of the company’s stock after selling 2,189 shares during the period. Sovran Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $3,655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGC. Envestnet Asset Management Inc. lifted its holdings in Vanguard Mega Cap ETF by 99.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,720,955 shares of the company’s stock valued at $420,068,000 after purchasing an additional 857,073 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of Vanguard Mega Cap ETF by 577.3% during the 2nd 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 during the last quarter. New York Life Investment Management LLC grew its holdings in shares of Vanguard Mega Cap ETF by 23.4% during the third quarter. New York Life Investment Management LLC now owns 711,400 shares of the company’s stock worth $173,646,000 after buying an additional 134,789 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the third quarter worth about $161,189,000. Finally, Leavell Investment Management Inc. raised its position in shares of Vanguard Mega Cap ETF by 1.5% in the third quarter. Leavell Investment Management Inc. now owns 501,734 shares of the company’s stock valued at $122,759,000 after buying an additional 7,571 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

NYSEARCA:MGC opened at $238.41 on Friday. The firm has a market cap of $9.00 billion, a PE ratio of 26.06 and a beta of 1.01. The firm has a 50 day simple moving average of $246.22 and a 200-day simple moving average of $247.92. Vanguard Mega Cap ETF has a 1-year low of $173.32 and a 1-year high of $255.75.

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.