Spartan Wealth Advisory Services LLC Invests $5.49 Million in Vanguard Mega Cap ETF $MGC

Spartan Wealth Advisory Services LLC bought a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,221 shares of the company’s stock, valued at approximately $5,488,000. Spartan Wealth Advisory Services LLC owned approximately 0.06% of Vanguard Mega Cap ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. National Wealth Management Group LLC lifted its position in Vanguard Mega Cap ETF by 2.6% during the fourth quarter. National Wealth Management Group LLC now owns 1,568 shares of the company’s stock valued at $394,000 after buying an additional 40 shares in the last quarter. Brooklyn FI LLC increased its position in shares of Vanguard Mega Cap ETF by 0.7% in the fourth quarter. Brooklyn FI LLC now owns 6,453 shares of the company’s stock worth $1,621,000 after acquiring an additional 42 shares in the last quarter. Pinnacle Financial Partners Inc. increased its position in shares of Vanguard Mega Cap ETF by 1.4% in the third quarter. Pinnacle Financial Partners Inc. now owns 3,089 shares of the company’s stock worth $754,000 after acquiring an additional 42 shares in the last quarter. Keystone Financial Group raised its stake in shares of Vanguard Mega Cap ETF by 2.8% in the 3rd quarter. Keystone Financial Group now owns 1,666 shares of the company’s stock valued at $407,000 after acquiring an additional 46 shares during the period. Finally, Whipplewood Advisors LLC raised its stake in shares of Vanguard Mega Cap ETF by 1.4% in the 1st quarter. Whipplewood Advisors LLC now owns 3,327 shares of the company’s stock valued at $786,000 after acquiring an additional 47 shares during the period.

Vanguard Mega Cap ETF Trading Down 1.1%

NYSEARCA:MGC opened at $272.04 on Friday. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. The firm’s fifty day simple moving average is $273.50 and its 200 day simple moving average is $258.36. Vanguard Mega Cap ETF has a twelve month low of $225.44 and a twelve month high of $280.10.

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.