Maridea Wealth Management LLC Takes Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Maridea Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,214 shares of the company’s stock, valued at approximately $683,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap ETF during the fourth quarter worth approximately $29,000. Decker Retirement Planning Inc. bought a new position in Vanguard Mega Cap ETF during the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in Vanguard Mega Cap ETF during the 4th quarter valued at $31,000. Key Financial Inc bought a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at $40,000. Finally, Tsfg LLC acquired a new stake in Vanguard Mega Cap ETF in the 4th quarter worth $42,000.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA:MGC opened at $200.30 on Friday. The firm’s 50-day moving average is $213.31 and its 200-day moving average is $212.05. Vanguard Mega Cap ETF has a 52-week low of $176.66 and a 52-week high of $222.75. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 26.29 and a beta of 1.01.

Vanguard Mega Cap ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a $0.5985 dividend. The ex-dividend date of this dividend is Thursday, March 27th.

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.