Vanguard Mega Cap ETF (NYSEARCA:MGC) is ProVise Management Group LLC’s 8th Largest Position

ProVise Management Group LLC raised its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,137 shares of the company’s stock after buying an additional 2,342 shares during the quarter. Vanguard Mega Cap ETF makes up approximately 2.3% of ProVise Management Group LLC’s portfolio, making the stock its 8th biggest position. ProVise Management Group LLC owned approximately 0.44% of Vanguard Mega Cap ETF worth $27,250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MGC. New York Life Investment Management LLC raised its stake in shares of Vanguard Mega Cap ETF by 3.3% during 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 during the last quarter. Leavell Investment Management Inc. raised its stake 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 worth $99,958,000 after purchasing an additional 15,008 shares during the last quarter. PNC Financial Services Group Inc. raised its stake 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 worth $87,330,000 after purchasing an additional 7,712 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Vanguard Mega Cap ETF during the fourth quarter worth approximately $65,366,000. Finally, Truist Financial Corp grew its holdings in Vanguard Mega Cap ETF by 5.0% during the fourth quarter. Truist Financial Corp now owns 228,744 shares of the company’s stock worth $48,645,000 after acquiring an additional 10,881 shares during the period.

Vanguard Mega Cap ETF Price Performance

Shares of MGC stock opened at $202.29 on Wednesday. The business’s fifty day moving average price is $214.61 and its 200 day moving average price is $211.85. Vanguard Mega Cap ETF has a 1-year low of $176.66 and a 1-year high of $222.75. The firm has a market capitalization of $6.23 billion, a PE ratio of 26.29 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.