Florida Financial Advisors LLC Has $6.95 Million Stake in Vanguard Mega Cap ETF $MGC

Florida Financial Advisors LLC decreased its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 10.5% in the first quarter, Holdings Channel.com reports. The firm owned 29,405 shares of the company’s stock after selling 3,436 shares during the period. Vanguard Mega Cap ETF comprises about 1.7% of Florida Financial Advisors LLC’s holdings, making the stock its 9th biggest position. Florida Financial Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $6,949,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in Vanguard Mega Cap ETF during the 1st quarter valued at $27,000. Winch Advisory Services LLC purchased a new position in Vanguard Mega Cap ETF during the first quarter worth $34,000. Blue Trust Inc. purchased a new position in Vanguard Mega Cap ETF during the fourth quarter worth $48,000. Garton & Associates Financial Advisors LLC bought a new position in Vanguard Mega Cap ETF during the fourth quarter valued at $48,000. Finally, SHP Wealth Management bought a new position in Vanguard Mega Cap ETF during the fourth quarter valued at $68,000.

Vanguard Mega Cap ETF Trading Down 0.1%

Shares of MGC opened at $271.70 on Tuesday. The company’s fifty day simple moving average is $273.50 and its 200-day simple moving average is $258.53. The company has a market cap of $9.94 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a twelve month low of $225.44 and a twelve month high of $280.10.

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.