Beacon Financial Group Sells 58,958 Shares of Vanguard Mega Cap ETF $MGC

Beacon Financial Group lowered its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 97.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,776 shares of the company’s stock after selling 58,958 shares during the period. Beacon Financial Group’s holdings in Vanguard Mega Cap ETF were worth $420,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MGC. Orion Porfolio Solutions LLC lifted its holdings 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 buying an additional 891,030 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Vanguard Mega Cap ETF by 31.8% during the 2nd quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock worth $90,241,000 after acquiring an additional 96,754 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Vanguard Mega Cap ETF by 547.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 101,025 shares of the company’s stock worth $25,374,000 after acquiring an additional 85,413 shares during the period. Win Advisors Inc. purchased a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth approximately $21,008,000. Finally, Wellington Management Group LLP bought a new position in shares of Vanguard Mega Cap ETF in the 3rd quarter worth approximately $16,972,000.

Vanguard Mega Cap ETF Stock Up 0.4%

MGC opened at $276.79 on Friday. The stock has a market cap of $10.12 billion, a PE ratio of 26.06 and a beta of 1.01. The business has a 50 day moving average of $272.74 and a 200-day moving average of $257.61. Vanguard Mega Cap ETF has a 52 week low of $225.44 and a 52 week high of $280.10.

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.