Florida Financial Advisors LLC Trims Stock Position in Vanguard Mega Cap ETF $MGC

Florida Financial Advisors LLC decreased its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 10.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,405 shares of the company’s stock after selling 3,436 shares during the quarter. Vanguard Mega Cap ETF accounts for 1.7% of Florida Financial Advisors LLC’s portfolio, making the stock its 9th biggest holding. Florida Financial Advisors LLC owned approximately 0.08% of Vanguard Mega Cap ETF worth $6,949,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Orion Porfolio Solutions LLC grew its holdings in shares of 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 valued at $235,127,000 after purchasing an additional 891,030 shares in the last quarter. Morgan Stanley increased its position in Vanguard Mega Cap ETF by 3.1% in the fourth quarter. Morgan Stanley now owns 594,721 shares of the company’s stock worth $149,376,000 after purchasing an additional 17,646 shares during the last quarter. Wells Fargo & Company MN raised its stake in Vanguard Mega Cap ETF by 3.8% during the fourth quarter. Wells Fargo & Company MN now owns 590,775 shares of the company’s stock valued at $148,385,000 after purchasing an additional 21,811 shares in the last quarter. UBS Group AG raised its stake in Vanguard Mega Cap ETF by 3.4% during the third quarter. UBS Group AG now owns 493,819 shares of the company’s stock valued at $120,536,000 after purchasing an additional 16,121 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Vanguard Mega Cap ETF by 1.2% during the fourth quarter. LPL Financial LLC now owns 486,850 shares of the company’s stock valued at $122,282,000 after purchasing an additional 5,822 shares during the last quarter.

Vanguard Mega Cap ETF Stock Down 0.1%

MGC stock opened at $271.70 on Tuesday. Vanguard Mega Cap ETF has a 52 week low of $225.44 and a 52 week high of $280.10. The firm has a market capitalization of $9.94 billion, a P/E ratio of 26.06 and a beta of 1.01. The company has a fifty day simple moving average of $273.50 and a two-hundred day simple moving average of $258.53.

Vanguard Mega Cap ETF Company 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.