Modern Wealth Management LLC Cuts Stock Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Modern Wealth Management LLC lessened its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 29.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,034 shares of the company’s stock after selling 429 shares during the period. Modern Wealth Management LLC’s holdings in Vanguard Mega Cap ETF were worth $227,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in Vanguard Mega Cap ETF by 12.6% in the 3rd quarter. Larson Financial Group LLC now owns 474 shares of the company’s stock valued at $98,000 after buying an additional 53 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Vanguard Mega Cap ETF by 6.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,029 shares of the company’s stock valued at $219,000 after purchasing an additional 64 shares during the period. Zega Financial LLC grew its stake in Vanguard Mega Cap ETF by 5.6% during the 3rd quarter. Zega Financial LLC now owns 1,290 shares of the company’s stock worth $267,000 after purchasing an additional 68 shares in the last quarter. Prosperity Wealth Management Inc. increased its holdings in Vanguard Mega Cap ETF by 7.5% during the 4th quarter. Prosperity Wealth Management Inc. now owns 1,074 shares of the company’s stock worth $228,000 after purchasing an additional 75 shares during the period. Finally, Jackson Wealth Management LLC raised its position in Vanguard Mega Cap ETF by 0.4% in the 4th quarter. Jackson Wealth Management LLC now owns 18,873 shares of the company’s stock valued at $4,014,000 after purchasing an additional 77 shares in the last quarter.

Vanguard Mega Cap ETF Stock Performance

Shares of Vanguard Mega Cap ETF stock opened at $200.30 on Friday. The business has a 50-day simple moving average of $213.31 and a 200-day simple moving average of $212.05. Vanguard Mega Cap ETF has a one year low of $176.66 and a one year high of $222.75. The company has a market cap of $6.17 billion, a PE ratio of 26.29 and a beta of 1.01.

Vanguard Mega Cap ETF Cuts Dividend

The company also recently declared 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.

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.