Breakwater Investment Management Boosts Stock Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Breakwater Investment Management lifted its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,032 shares of the company’s stock after purchasing an additional 261 shares during the period. Breakwater Investment Management’s holdings in Vanguard Mega Cap ETF were worth $795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Global Assets Advisory LLC acquired a new stake in Vanguard Mega Cap ETF in the 1st quarter valued at about $52,361,000. Liberty Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the second quarter worth approximately $30,741,000. Mesirow Financial Investment Management Inc. acquired a new stake in Vanguard Mega Cap ETF in the first quarter valued at approximately $18,320,000. Envestnet Asset Management Inc. lifted its stake in Vanguard Mega Cap ETF by 18.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 503,356 shares of the company’s stock worth $85,208,000 after acquiring an additional 79,645 shares during the last quarter. Finally, Apella Capital LLC grew its holdings in Vanguard Mega Cap ETF by 27.5% during the 1st quarter. Apella Capital LLC now owns 320,332 shares of the company’s stock worth $59,447,000 after acquiring an additional 69,092 shares in the last quarter.

Vanguard Mega Cap ETF Trading Up 0.4 %

Shares of NYSEARCA:MGC opened at $202.41 on Friday. Vanguard Mega Cap ETF has a 52 week low of $145.94 and a 52 week high of $204.72. The company’s 50 day moving average is $198.36 and its two-hundred day moving average is $191.56. The company has a market cap of $5.84 billion, a PE ratio of 26.93 and a beta of 1.02.

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.