Cadence Bank Has $90.35 Million Stock Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Cadence Bank lifted its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 424,837 shares of the company’s stock after buying an additional 3,458 shares during the quarter. Vanguard Mega Cap ETF accounts for about 6.1% of Cadence Bank’s investment portfolio, making the stock its 2nd largest holding. Cadence Bank’s holdings in Vanguard Mega Cap ETF were worth $90,346,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of Vanguard Mega Cap ETF by 2.9% during the third quarter. Stifel Financial Corp now owns 7,668 shares of the company’s stock valued at $1,585,000 after purchasing an additional 217 shares during the period. Fulcrum Equity Management bought a new stake in Vanguard Mega Cap ETF in the 3rd quarter worth $247,000. Destination Wealth Management increased its position in shares of Vanguard Mega Cap ETF by 3.7% in the third quarter. Destination Wealth Management now owns 43,706 shares of the company’s stock valued at $9,031,000 after acquiring an additional 1,546 shares during the period. Synovus Financial Corp boosted its holdings in shares of Vanguard Mega Cap ETF by 97.4% during the third quarter. Synovus Financial Corp now owns 5,834 shares of the company’s stock worth $1,206,000 after purchasing an additional 2,878 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Vanguard Mega Cap ETF by 0.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,139 shares of the company’s stock worth $8,294,000 after purchasing an additional 225 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

Shares of MGC stock opened at $189.47 on Friday. The firm has a market cap of $5.78 billion, a P/E ratio of 25.62 and a beta of 1.02. The business’s 50 day moving average price is $205.26 and its 200-day moving average price is $210.79. Vanguard Mega Cap ETF has a fifty-two week low of $173.32 and a fifty-two week high of $222.75.

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.