Wealthfront Advisers LLC Reduces Stock Holdings in Vanguard Mega Cap ETF $MGC

Wealthfront Advisers LLC reduced its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 10.1% in the first quarter, HoldingsChannel reports. The firm owned 27,609 shares of the company’s stock after selling 3,103 shares during the quarter. Wealthfront Advisers LLC’s holdings in Vanguard Mega Cap ETF were worth $6,525,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC lifted its stake 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 during the period. Raymond James Financial Inc. increased its holdings in Vanguard Mega Cap ETF by 31.8% during the second 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 last quarter. Goldman Sachs Group Inc. increased its holdings in Vanguard Mega Cap ETF by 547.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 101,025 shares of the company’s stock valued at $25,374,000 after buying an additional 85,413 shares during the last quarter. Win Advisors Inc. bought a new position in Vanguard Mega Cap ETF in the fourth quarter worth approximately $21,008,000. Finally, Wellington Management Group LLP bought a new position in Vanguard Mega Cap ETF in the third quarter worth approximately $16,972,000.

Vanguard Mega Cap ETF Price Performance

Shares of Vanguard Mega Cap ETF stock opened at $272.04 on Friday. Vanguard Mega Cap ETF has a 1-year low of $225.44 and a 1-year high of $280.10. The company’s fifty day simple moving average is $273.50 and its 200-day simple moving average is $258.36. The stock has a market capitalization of $9.95 billion, a PE ratio of 26.06 and a beta of 1.01.

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.