Cetera Investment Advisers Trims Stock Position in Vanguard Mega Cap ETF $MGC

Cetera Investment Advisers decreased its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 291,972 shares of the company’s stock after selling 2,871 shares during the quarter. Cetera Investment Advisers owned 0.82% of Vanguard Mega Cap ETF worth $69,008,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in shares of Vanguard Mega Cap ETF by 312.6% during the 1st quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock valued at $1,973,000 after acquiring an additional 7,424 shares during the period. Marshall Wace LLP purchased a new position in Vanguard Mega Cap ETF during the second quarter valued at $905,000. Raymond James Financial Inc. grew its holdings in Vanguard Mega Cap ETF by 31.8% during the second quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after purchasing an additional 96,754 shares during the period. Garden State Investment Advisory Services LLC grew its holdings in Vanguard Mega Cap ETF by 12.4% during the second quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock valued at $307,000 after purchasing an additional 150 shares during the period. Finally, IHT Wealth Management LLC grew its holdings in Vanguard Mega Cap ETF by 1.8% during the second quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock valued at $1,292,000 after purchasing an additional 100 shares during the period.

Vanguard Mega Cap ETF Stock Up 0.0%

NYSEARCA MGC opened at $269.78 on Friday. The stock’s 50-day moving average price is $273.41 and its 200-day moving average price is $259.06. Vanguard Mega Cap ETF has a 52 week low of $225.44 and a 52 week high of $280.10. The company has a market capitalization of $9.87 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.