Main Street Financial Solutions LLC Decreases Stock Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Main Street Financial Solutions LLC lowered its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 4.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,710 shares of the company’s stock after selling 434 shares during the period. Main Street Financial Solutions LLC’s holdings in Vanguard Mega Cap ETF were worth $1,800,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. PFG Private Wealth Management LLC purchased a new stake in Vanguard Mega Cap ETF during the 2nd quarter worth $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the third quarter worth about $33,000. Hershey Financial Advisers LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the second quarter worth about $36,000. Future Financial Wealth Managment LLC acquired a new position in shares of Vanguard Mega Cap ETF in the third quarter worth about $41,000. Finally, International Assets Investment Management LLC purchased a new position in Vanguard Mega Cap ETF in the second quarter valued at about $71,000.

Vanguard Mega Cap ETF Trading Up 0.1 %

MGC stock traded up $0.20 during midday trading on Wednesday, hitting $215.45. 14,744 shares of the company’s stock were exchanged, compared to its average volume of 77,703. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The firm has a 50 day moving average price of $206.34 and a 200-day moving average price of $198.84. Vanguard Mega Cap ETF has a 12-month low of $159.66 and a 12-month high of $216.39.

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.