Hollencrest Capital Management Sells 61 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Hollencrest Capital Management decreased its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 5.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,091 shares of the company’s stock after selling 61 shares during the quarter. Hollencrest Capital Management’s holdings in Vanguard Mega Cap ETF were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. New York Life Investment Management LLC raised its holdings in Vanguard Mega Cap ETF by 3.3% in 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 in the last quarter. Leavell Investment Management Inc. increased its holdings in shares of Vanguard Mega Cap ETF by 3.3% during the fourth quarter. Leavell Investment Management Inc. now owns 470,036 shares of the company’s stock valued at $99,958,000 after acquiring an additional 15,008 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Vanguard Mega Cap ETF by 1.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 410,655 shares of the company’s stock valued at $87,330,000 after acquiring an additional 7,712 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Vanguard Mega Cap ETF during the fourth quarter valued at $65,366,000. Finally, Truist Financial Corp increased its holdings 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 valued at $48,645,000 after acquiring an additional 10,881 shares in the last quarter.

Vanguard Mega Cap ETF Price Performance

Shares of NYSEARCA:MGC opened at $202.06 on Thursday. Vanguard Mega Cap ETF has a 1-year low of $176.66 and a 1-year high of $222.75. The business has a fifty day moving average price of $215.77 and a 200-day moving average price of $211.84. The company has a market capitalization of $6.21 billion, a PE ratio of 27.81 and a beta of 1.01.

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.