Fiduciary Advisors Inc. Invests $4.97 Million in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Fiduciary Advisors Inc. bought a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,361 shares of the company’s stock, valued at approximately $4,968,000. Vanguard Mega Cap ETF makes up about 5.0% of Fiduciary Advisors Inc.’s portfolio, making the stock its 8th largest position. Fiduciary Advisors Inc. owned approximately 0.08% of Vanguard Mega Cap ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MGC. Decker Retirement Planning Inc. bought a new stake in Vanguard Mega Cap ETF in the 4th quarter worth about $30,000. Ashton Thomas Securities LLC bought a new stake in Vanguard Mega Cap ETF in the 3rd quarter worth about $33,000. Tsfg LLC bought a new stake in Vanguard Mega Cap ETF in the 4th quarter worth about $42,000. Future Financial Wealth Managment LLC bought a new stake in Vanguard Mega Cap ETF in the 3rd quarter worth about $41,000. Finally, Larson Financial Group LLC grew 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 worth $98,000 after purchasing an additional 53 shares in the last quarter.

Vanguard Mega Cap ETF Stock Up 0.4 %

MGC opened at $219.30 on Friday. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a twelve month low of $173.01 and a twelve month high of $221.53. The company’s 50-day moving average price is $216.37 and its two-hundred day moving average price is $207.93.

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.