Segment Wealth Management LLC Increases Position in Vanguard Mega Cap ETF $MGC

Segment Wealth Management LLC boosted its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 32.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,104 shares of the company’s stock after acquiring an additional 8,656 shares during the quarter. Segment Wealth Management LLC’s holdings in Vanguard Mega Cap ETF were worth $8,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 577.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after purchasing an additional 891,030 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Vanguard Mega Cap ETF by 65.4% in the second quarter. Envestnet Asset Management Inc. now owns 863,882 shares of the company’s stock worth $194,304,000 after buying an additional 341,492 shares in the last quarter. New York Life Investment Management LLC grew its position in Vanguard Mega Cap ETF by 15.4% during the second quarter. New York Life Investment Management LLC now owns 576,611 shares of the company’s stock valued at $129,691,000 after acquiring an additional 76,736 shares during the last quarter. Leavell Investment Management Inc. grew its position in Vanguard Mega Cap ETF by 2.7% during the second quarter. Leavell Investment Management Inc. now owns 494,163 shares of the company’s stock valued at $111,419,000 after acquiring an additional 13,201 shares during the last quarter. Finally, Wooster Corthell Wealth Management Inc. raised its stake in shares of Vanguard Mega Cap ETF by 1.4% during the second quarter. Wooster Corthell Wealth Management Inc. now owns 481,051 shares of the company’s stock worth $108,198,000 after acquiring an additional 6,801 shares in the last quarter.

Vanguard Mega Cap ETF Stock Performance

MGC stock opened at $253.14 on Tuesday. The firm has a market cap of $8.87 billion, a P/E ratio of 26.06 and a beta of 1.01. The firm’s fifty day moving average is $249.75 and its 200 day moving average is $239.28. Vanguard Mega Cap ETF has a 52 week low of $173.32 and a 52 week high of $254.68.

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.