ZEGA Investments LLC Purchases New Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

ZEGA Investments LLC acquired a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,365 shares of the company’s stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. New York Life Investment Management LLC lifted its holdings in shares of Vanguard Mega Cap ETF by 3.3% during the fourth quarter. New York Life Investment Management LLC now owns 536,666 shares of the company’s stock worth $114,127,000 after purchasing an additional 17,030 shares during the period. Leavell Investment Management Inc. raised its position in Vanguard Mega Cap ETF by 3.3% during the 4th quarter. Leavell Investment Management Inc. now owns 470,036 shares of the company’s stock worth $99,958,000 after buying an additional 15,008 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Vanguard Mega Cap ETF by 1.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 410,655 shares of the company’s stock worth $87,330,000 after acquiring an additional 7,712 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Vanguard Mega Cap ETF in the fourth quarter valued at about $65,366,000. Finally, Truist Financial Corp increased its stake in shares of Vanguard Mega Cap ETF by 5.0% during the fourth quarter. Truist Financial Corp now owns 228,744 shares of the company’s stock worth $48,645,000 after acquiring an additional 10,881 shares during the period.

Vanguard Mega Cap ETF Stock Up 0.2 %

Shares of NYSEARCA:MGC opened at $204.45 on Friday. Vanguard Mega Cap ETF has a 52 week low of $176.66 and a 52 week high of $222.75. The company has a 50-day moving average price of $214.09 and a 200 day moving average price of $211.76. The company has a market cap of $6.29 billion, a P/E ratio of 26.29 and a beta of 1.01.

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.