Valley National Advisers Inc. Makes New Investment in Vanguard Mega Cap ETF $MGC

Valley National Advisers Inc. acquired a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,999 shares of the company’s stock, valued at approximately $1,411,000.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the first quarter worth about $27,000. Winch Advisory Services LLC acquired a new position in shares of Vanguard Mega Cap ETF in the first quarter worth about $34,000. Signaturefd LLC acquired a new position in shares of Vanguard Mega Cap ETF in the third quarter worth about $54,000. Turtle Creek Wealth Advisors LLC purchased a new position in Vanguard Mega Cap ETF in the first quarter valued at about $71,000. Finally, NBT Bank N A NY boosted its holdings in Vanguard Mega Cap ETF by 49.0% in the first quarter. NBT Bank N A NY now owns 374 shares of the company’s stock valued at $88,000 after purchasing an additional 123 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

Shares of NYSEARCA MGC opened at $279.34 on Monday. Vanguard Mega Cap ETF has a fifty-two week low of $228.37 and a fifty-two week high of $289.10. The business has a 50 day moving average price of $282.79 and a two-hundred day moving average price of $274.76. The firm has a market cap of $10.17 billion, a PE ratio of 26.06 and a beta of 1.01.

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.