Pinnacle Financial Partners Inc Raises Stock Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Pinnacle Financial Partners Inc grew its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 18.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,095 shares of the company’s stock after purchasing an additional 475 shares during the period. Pinnacle Financial Partners Inc’s holdings in Vanguard Mega Cap ETF were worth $640,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MGC. Koshinski Asset Management Inc. purchased a new stake in shares of Vanguard Mega Cap ETF during the first quarter worth approximately $215,000. Osaic Holdings Inc. increased its stake in shares of Vanguard Mega Cap ETF by 12.6% during the first quarter. Osaic Holdings Inc. now owns 91,244 shares of the company’s stock worth $17,053,000 after buying an additional 10,246 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Vanguard Mega Cap ETF by 42.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,368 shares of the company’s stock worth $816,000 after buying an additional 1,293 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Vanguard Mega Cap ETF by 58.3% during the first quarter. EP Wealth Advisors LLC now owns 1,944 shares of the company’s stock worth $363,000 after buying an additional 716 shares during the period. Finally, Cadence Bank increased its stake in shares of Vanguard Mega Cap ETF by 0.7% during the first quarter. Cadence Bank now owns 425,246 shares of the company’s stock worth $79,466,000 after buying an additional 3,101 shares during the period.

Vanguard Mega Cap ETF Stock Performance

MGC stock opened at $214.12 on Friday. The company’s 50 day moving average price is $206.68 and its 200 day moving average price is $198.95. Vanguard Mega Cap ETF has a fifty-two week low of $160.20 and a fifty-two week high of $216.39. The firm has a market capitalization of $6.17 billion, a price-to-earnings 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.