Focus Financial Network Inc. Lowers Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Focus Financial Network Inc. trimmed its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,755 shares of the company’s stock after selling 266 shares during the quarter. Focus Financial Network Inc.’s holdings in Vanguard Mega Cap ETF were worth $373,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Comprehensive Financial Planning Inc. PA purchased a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at $45,000. Savant Capital LLC raised its position in shares of Vanguard Mega Cap ETF by 0.8% in the fourth quarter. Savant Capital LLC now owns 10,386 shares of the company’s stock worth $2,209,000 after acquiring an additional 83 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of Vanguard Mega Cap ETF by 3.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 13,841 shares of the company’s stock worth $2,943,000 after acquiring an additional 414 shares during the period. Summit Wealth & Retirement Planning Inc. raised its position in shares of Vanguard Mega Cap ETF by 20.8% in the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 223,935 shares of the company’s stock worth $47,622,000 after acquiring an additional 38,563 shares during the period. Finally, Apollon Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap ETF in the fourth quarter worth about $259,000.

Vanguard Mega Cap ETF Stock Performance

Shares of Vanguard Mega Cap ETF stock opened at $221.70 on Friday. The firm has a 50-day simple moving average of $216.85 and a two-hundred day simple moving average of $209.22. The company has a market cap of $6.39 billion, a P/E ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a fifty-two week low of $176.66 and a fifty-two week high of $221.71.

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.