Verus Financial Partners Inc. Has $45.69 Million Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Verus Financial Partners Inc. lifted its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 223,343 shares of the company’s stock after acquiring an additional 822 shares during the period. Vanguard Mega Cap ETF comprises 5.0% of Verus Financial Partners Inc.’s investment portfolio, making the stock its 7th largest position. Verus Financial Partners Inc.’s holdings in Vanguard Mega Cap ETF were worth $45,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. New York Life Investment Management LLC increased its position in Vanguard Mega Cap ETF by 9.8% during the 2nd quarter. New York Life Investment Management LLC now owns 601,732 shares of the company’s stock valued at $118,716,000 after purchasing an additional 53,817 shares during the period. Leavell Investment Management Inc. raised its stake in Vanguard Mega Cap ETF by 5.7% during the third quarter. Leavell Investment Management Inc. now owns 455,028 shares of the company’s stock worth $94,027,000 after buying an additional 24,393 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Vanguard Mega Cap ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 443,796 shares of the company’s stock valued at $87,556,000 after buying an additional 3,073 shares during the period. Apella Capital LLC lifted its stake in shares of Vanguard Mega Cap ETF by 14.8% in the 3rd quarter. Apella Capital LLC now owns 441,217 shares of the company’s stock valued at $90,220,000 after purchasing an additional 56,991 shares during the period. Finally, Cadence Bank boosted its position in shares of Vanguard Mega Cap ETF by 0.7% during the 1st quarter. Cadence Bank now owns 425,246 shares of the company’s stock valued at $79,466,000 after purchasing an additional 3,101 shares in the last quarter.

Vanguard Mega Cap ETF Price Performance

NYSEARCA MGC opened at $215.56 on Friday. The stock has a market capitalization of $6.21 billion, a P/E ratio of 26.93 and a beta of 1.02. The business has a 50 day simple moving average of $205.76 and a 200 day simple moving average of $198.11. Vanguard Mega Cap ETF has a one year low of $155.08 and a one year high of $216.10.

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.