Main Street Financial Solutions LLC Sells 3,470 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Main Street Financial Solutions LLC cut its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 39.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,240 shares of the company’s stock after selling 3,470 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Vanguard Mega Cap ETF were worth $1,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MGC. Golden State Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth approximately $29,000. Decker Retirement Planning Inc. bought a new position in Vanguard Mega Cap ETF in the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in Vanguard Mega Cap ETF during the fourth quarter worth $31,000. Key Financial Inc bought a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at $40,000. Finally, Tsfg LLC bought a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at $42,000.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA:MGC opened at $189.59 on Thursday. The company has a 50-day moving average of $205.82 and a 200-day moving average of $210.94. Vanguard Mega Cap ETF has a 52 week low of $173.32 and a 52 week high of $222.75. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 25.62 and a beta of 1.02.

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.