Flagship Wealth Advisors LLC Has $4.47 Million Stock Position in Vanguard Mega Cap ETF $MGC

Flagship Wealth Advisors LLC lowered its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 24.7% during the first quarter, Holdings Channel reports. The firm owned 19,884 shares of the company’s stock after selling 6,518 shares during the period. Vanguard Mega Cap ETF makes up approximately 1.8% of Flagship Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Flagship Wealth Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $4,472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC lifted its position in Vanguard Mega Cap ETF by 312.6% during the first quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock worth $1,973,000 after purchasing an additional 7,424 shares during the period. Marshall Wace LLP bought a new position in Vanguard Mega Cap ETF in the 2nd quarter valued at about $905,000. Raymond James Financial Inc. increased its holdings in Vanguard Mega Cap ETF by 31.8% in the 2nd quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after buying an additional 96,754 shares during the period. Garden State Investment Advisory Services LLC increased its holdings in Vanguard Mega Cap ETF by 12.4% in the 2nd quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock valued at $307,000 after buying an additional 150 shares during the period. Finally, IHT Wealth Management LLC raised its position in shares of Vanguard Mega Cap ETF by 1.8% in the 2nd quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock valued at $1,292,000 after buying an additional 100 shares in the last quarter.

Vanguard Mega Cap ETF Trading Up 0.9%

Shares of Vanguard Mega Cap ETF stock opened at $273.05 on Friday. The company has a market cap of $9.99 billion, a PE ratio of 26.06 and a beta of 1.01. The company has a 50 day moving average of $273.13 and a 200-day moving average of $259.62. Vanguard Mega Cap ETF has a 1-year low of $225.44 and a 1-year 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.