Fortress Financial Solutions LLC Purchases New Holdings in Vanguard Mega Cap ETF $MGC

Fortress Financial Solutions LLC purchased a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) during the third quarter, Holdings Channel.com reports. The firm purchased 12,736 shares of the company’s stock, valued at approximately $3,595,000. Vanguard Mega Cap ETF makes up approximately 3.1% of Fortress Financial Solutions LLC’s investment portfolio, making the stock its 11th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of Vanguard Mega Cap ETF by 0.4% during the 1st quarter. Bank of America Corp DE now owns 1,561,792 shares of the company’s stock worth $369,130,000 after buying an additional 5,869 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Vanguard Mega Cap ETF by 0.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 437,692 shares of the company’s stock valued at $103,449,000 after acquiring an additional 4,105 shares during the period. Investment Planning Advisors Inc. lifted its position in shares of Vanguard Mega Cap ETF by 11.5% during the 1st quarter. Investment Planning Advisors Inc. now owns 151,958 shares of the company’s stock valued at $35,915,000 after acquiring an additional 15,704 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Vanguard Mega Cap ETF by 20.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 151,253 shares of the company’s stock valued at $37,990,000 after acquiring an additional 25,550 shares during the period. Finally, Praetorian Wealth Management Inc. boosted its stake in Vanguard Mega Cap ETF by 1.8% during the second quarter. Praetorian Wealth Management Inc. now owns 94,598 shares of the company’s stock worth $25,885,000 after acquiring an additional 1,696 shares in the last quarter.

Vanguard Mega Cap ETF Trading Down 1.1%

NYSEARCA MGC traded down $3.05 on Wednesday, hitting $284.32. 80,841 shares of the company were exchanged, compared to its average volume of 122,377. The company has a market cap of $10.35 billion, a PE ratio of 26.06 and a beta of 1.01. The stock has a fifty day moving average of $282.88 and a 200-day moving average of $272.12. Vanguard Mega Cap ETF has a 12 month low of $228.37 and a 12 month high of $289.10.

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.