Vanguard Mega Cap ETF (NYSEARCA:MGC) Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC trimmed its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 29.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,034 shares of the company’s stock after selling 429 shares during the quarter. Modern Wealth Management LLC’s holdings in Vanguard Mega Cap ETF were worth $227,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stifel Financial Corp raised its position in shares of Vanguard Mega Cap ETF by 2.9% during the 3rd quarter. Stifel Financial Corp now owns 7,668 shares of the company’s stock valued at $1,585,000 after buying an additional 217 shares during the period. FMR LLC raised its position in Vanguard Mega Cap ETF by 3.5% in the third quarter. FMR LLC now owns 22,727 shares of the company’s stock valued at $4,696,000 after purchasing an additional 764 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Vanguard Mega Cap ETF in the 4th quarter valued at $31,000. Bleakley Financial Group LLC purchased a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth $209,000. Finally, Zega Financial LLC increased its position in shares of 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 during the last quarter.

Vanguard Mega Cap ETF Price Performance

NYSEARCA MGC opened at $200.30 on Friday. The stock has a market capitalization of $6.17 billion, a P/E ratio of 26.29 and a beta of 1.01. The firm’s 50-day moving average is $213.31 and its two-hundred day moving average is $212.05. Vanguard Mega Cap ETF has a 12 month low of $176.66 and a 12 month high of $222.75.

Vanguard Mega Cap ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a $0.5985 dividend. The ex-dividend date of this dividend 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.