15,938 Shares in Vanguard Mega Cap ETF $MGC Bought by Cornerstone Financial Management LLC

Cornerstone Financial Management LLC bought a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) during the 4th quarter, HoldingsChannel reports. The firm bought 15,938 shares of the company’s stock, valued at approximately $4,003,000. Vanguard Mega Cap ETF makes up about 3.8% of Cornerstone Financial Management LLC’s investment portfolio, making the stock its 5th largest position.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. purchased a new stake in Vanguard Mega Cap ETF during the 4th quarter valued at about $48,000. GGM Financials LLC purchased a new stake in Vanguard Mega Cap ETF during the 3rd quarter valued at about $77,000. Entrust Financial LLC purchased a new stake in Vanguard Mega Cap ETF during the 4th quarter valued at about $102,000. Sound Income Strategies LLC grew its stake in Vanguard Mega Cap ETF by 816.0% during the 4th quarter. Sound Income Strategies LLC now owns 458 shares of the company’s stock valued at $116,000 after purchasing an additional 408 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Vanguard Mega Cap ETF during the 3rd quarter valued at about $122,000.

Vanguard Mega Cap ETF Stock Performance

Vanguard Mega Cap ETF stock opened at $271.52 on Friday. The business’s 50-day simple moving average is $264.59 and its two-hundred day simple moving average is $254.49. The company has a market cap of $9.72 billion, a PE ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a fifty-two week low of $215.45 and a fifty-two week 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.