Raymond James Financial Services Advisors Inc. Boosts Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Raymond James Financial Services Advisors Inc. raised its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 3.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,994 shares of the company’s stock after buying an additional 5,823 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.68% of Vanguard Mega Cap ETF worth $30,469,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new position in Vanguard Mega Cap ETF during the 2nd quarter valued at about $30,000. Ameritas Investment Partners Inc. purchased a new position in shares of Vanguard Mega Cap ETF during the second quarter worth about $31,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Vanguard Mega Cap ETF during the third quarter worth about $33,000. Fortis Capital Advisors LLC purchased a new position in shares of Vanguard Mega Cap ETF during the fourth quarter worth about $40,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Vanguard Mega Cap ETF during the first quarter worth about $48,000.

Vanguard Mega Cap ETF Trading Up 0.6 %

Shares of NYSEARCA MGC opened at $186.92 on Thursday. Vanguard Mega Cap ETF has a 12 month low of $137.66 and a 12 month high of $187.68. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 20.60 and a beta of 1.00. The business has a 50-day moving average of $180.34 and a 200-day moving average of $167.10.

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.