Vanguard Mega Cap ETF (NYSEARCA:MGC) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC lowered its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,649 shares of the company’s stock after selling 2,079 shares during the quarter. Parallel Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $2,690,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Vanguard Mega Cap ETF in the 4th quarter valued at approximately $65,366,000. Captrust Financial Advisors lifted its holdings in shares of Vanguard Mega Cap ETF by 98.4% during the third quarter. Captrust Financial Advisors now owns 197,628 shares of the company’s stock worth $40,838,000 after purchasing an additional 97,999 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Vanguard Mega Cap ETF in the 3rd quarter valued at $16,907,000. Modera Wealth Management LLC increased its stake in Vanguard Mega Cap ETF by 5,628.7% in the 4th quarter. Modera Wealth Management LLC now owns 70,635 shares of the company’s stock valued at $15,021,000 after buying an additional 69,402 shares during the period. Finally, Segment Wealth Management LLC purchased a new position in Vanguard Mega Cap ETF during the 4th quarter worth $9,684,000.

Vanguard Mega Cap ETF Stock Performance

MGC stock opened at $204.56 on Tuesday. The stock has a market capitalization of $6.30 billion, a PE ratio of 26.29 and a beta of 1.01. The company has a fifty day moving average of $215.07 and a 200-day moving average of $211.83. Vanguard Mega Cap ETF has a one year low of $176.66 and a one year high of $222.75.

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.