Physician Wealth Advisors Inc. Has $7.15 Million Stock Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Physician Wealth Advisors Inc. raised its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,612 shares of the company’s stock after purchasing an additional 928 shares during the period. Vanguard Mega Cap ETF accounts for about 1.2% of Physician Wealth Advisors Inc.’s holdings, making the stock its 21st biggest position. Physician Wealth Advisors Inc.’s holdings in Vanguard Mega Cap ETF were worth $7,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp lifted its stake in shares of Vanguard Mega Cap ETF by 2.9% in the third quarter. Stifel Financial Corp now owns 7,668 shares of the company’s stock worth $1,585,000 after buying an additional 217 shares during the last quarter. FMR LLC increased its holdings in shares of Vanguard Mega Cap ETF by 3.5% during the 3rd quarter. FMR LLC now owns 22,727 shares of the company’s stock worth $4,696,000 after purchasing an additional 764 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter valued at approximately $31,000. Bleakley Financial Group LLC acquired a new position in Vanguard Mega Cap ETF in the fourth quarter worth $209,000. Finally, ProVise Management Group LLC increased its stake in shares of Vanguard Mega Cap ETF by 1.9% in the fourth quarter. ProVise Management Group LLC now owns 128,137 shares of the company’s stock valued at $27,250,000 after buying an additional 2,342 shares in the last quarter.

Vanguard Mega Cap ETF Stock Down 2.1 %

Shares of NYSEARCA MGC opened at $200.30 on Friday. 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 has a 12-month low of $176.66 and a 12-month high of $222.75. The firm’s 50-day simple moving average is $213.31 and its 200 day simple moving average is $212.15.

Vanguard Mega Cap ETF Cuts Dividend

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

About Vanguard Mega Cap ETF

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.