Summit Wealth & Retirement Planning Inc. increased its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC – Free Report) by 0.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 214,932 shares of the company’s stock after buying an additional 333 shares during the period. Vanguard Mega Cap ETF comprises about 13.0% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its biggest position. Summit Wealth & Retirement Planning Inc. owned about 0.66% of Vanguard Mega Cap ETF worth $48,342,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Harbor Investment Advisory LLC bought a new position in Vanguard Mega Cap ETF in the 2nd quarter worth about $27,000. St. Johns Investment Management Company LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 2nd quarter valued at about $34,000. NorthRock Partners LLC purchased a new position in shares of Vanguard Mega Cap ETF during the first quarter worth about $56,000. Bank of Montreal Can grew its holdings in shares of Vanguard Mega Cap ETF by 110.8% during the second quarter. Bank of Montreal Can now owns 333 shares of the company’s stock worth $75,000 after purchasing an additional 175 shares in the last quarter. Finally, Dagco Inc. bought a new position in shares of Vanguard Mega Cap ETF in the first quarter worth approximately $79,000.
Vanguard Mega Cap ETF Trading Down 0.1%
MGC stock opened at $246.82 on Friday. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a 12-month low of $173.32 and a 12-month high of $254.46. The firm’s 50-day moving average price is $244.04 and its two-hundred day moving average price is $228.67.
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.
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