Nwam LLC Invests $224,000 in Vanguard Mega Cap ETF $MGC

Nwam LLC purchased a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 970 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpha Cubed Investments LLC raised its position in shares of Vanguard Mega Cap ETF by 13.5% in the second quarter. Alpha Cubed Investments LLC now owns 1,285 shares of the company’s stock valued at $289,000 after buying an additional 153 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Vanguard Mega Cap ETF by 211.5% during the 2nd quarter. Allworth Financial LP now owns 5,813 shares of the company’s stock worth $1,308,000 after purchasing an additional 3,947 shares during the last quarter. Summit X LLC grew its position in shares of Vanguard Mega Cap ETF by 529.8% in the second quarter. Summit X LLC now owns 6,298 shares of the company’s stock valued at $1,416,000 after purchasing an additional 5,298 shares in the last quarter. Prospera Financial Services Inc increased its holdings in shares of Vanguard Mega Cap ETF by 4.8% in the second quarter. Prospera Financial Services Inc now owns 15,047 shares of the company’s stock valued at $3,384,000 after purchasing an additional 685 shares during the last quarter. Finally, AE Wealth Management LLC lifted its position in Vanguard Mega Cap ETF by 5.5% during the second quarter. AE Wealth Management LLC now owns 1,105 shares of the company’s stock worth $249,000 after buying an additional 58 shares in the last quarter.

Vanguard Mega Cap ETF Stock Down 1.7%

Shares of NYSEARCA:MGC opened at $247.51 on Friday. Vanguard Mega Cap ETF has a 52-week low of $173.32 and a 52-week high of $254.46. The business has a fifty day moving average of $245.28 and a two-hundred day moving average of $230.22. The stock has a market cap of $8.67 billion, a P/E ratio of 26.06 and a beta of 1.01.

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.