Arax Advisory Partners Makes New Investment in Vanguard Mega Cap ETF $MGC

Arax Advisory Partners bought a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 12,789 shares of the company’s stock, valued at approximately $3,212,000.

A number of other large investors also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Vanguard Mega Cap ETF by 14.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 83,092 shares of the company’s stock valued at $20,282,000 after acquiring an additional 10,383 shares during the period. BCGM Wealth Management LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 97.3% during the third quarter. BCGM Wealth Management LLC now owns 38,081 shares of the company’s stock valued at $9,295,000 after acquiring an additional 18,783 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Vanguard Mega Cap ETF during the fourth quarter valued at $11,119,000. BTC Capital Management Inc. acquired a new position in shares of Vanguard Mega Cap ETF during the fourth quarter valued at $560,000. Finally, West Wealth Group LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 7.1% during the fourth quarter. West Wealth Group LLC now owns 103,726 shares of the company’s stock valued at $26,053,000 after acquiring an additional 6,920 shares during the period.

Vanguard Mega Cap ETF Price Performance

Shares of Vanguard Mega Cap ETF stock opened at $271.52 on Monday. The business’s fifty day moving average price is $264.59 and its two-hundred day moving average price is $254.54. The company has a market capitalization of $9.72 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 1-year low of $215.45 and a 1-year high of $280.10.

About Vanguard Mega Cap ETF

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.