Vanguard Mega Cap ETF (NYSEARCA:MGC) Shares Bought by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI raised its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 8.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,475 shares of the company’s stock after acquiring an additional 185 shares during the period. Parsons Capital Management Inc. RI’s holdings in Vanguard Mega Cap ETF were worth $463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MGC. Envestnet Asset Management Inc. boosted its position in shares of Vanguard Mega Cap ETF by 18.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 503,356 shares of the company’s stock worth $85,208,000 after buying an additional 79,645 shares during the period. New York Life Investment Management LLC boosted its position in shares of Vanguard Mega Cap ETF by 14.3% during the fourth quarter. New York Life Investment Management LLC now owns 473,152 shares of the company’s stock worth $80,095,000 after buying an additional 59,183 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Vanguard Mega Cap ETF by 2.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 437,600 shares of the company’s stock worth $74,077,000 after buying an additional 10,276 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Vanguard Mega Cap ETF by 9.5% during the third quarter. Ameriprise Financial Inc. now owns 419,314 shares of the company’s stock worth $63,729,000 after buying an additional 36,284 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Vanguard Mega Cap ETF by 7.7% during the fourth quarter. Wells Fargo & Company MN now owns 407,329 shares of the company’s stock worth $68,953,000 after buying an additional 28,952 shares during the period.

Vanguard Mega Cap ETF Price Performance

Shares of NYSEARCA MGC traded up $2.17 during midday trading on Friday, hitting $182.11. 107,063 shares of the company’s stock were exchanged, compared to its average volume of 83,477. The firm has a market cap of $5.25 billion, a P/E ratio of 27.80 and a beta of 1.01. Vanguard Mega Cap ETF has a twelve month low of $141.84 and a twelve month high of $187.68. The stock’s 50 day moving average price is $183.21 and its 200-day moving average price is $171.46.

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.