Investment Planning Advisors Inc. grew its position in Vanguard Mega Cap ETF (NYSEARCA:MGC – Free Report) by 11.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 151,958 shares of the company’s stock after purchasing an additional 15,704 shares during the period. Vanguard Mega Cap ETF accounts for 9.9% of Investment Planning Advisors Inc.’s holdings, making the stock its 2nd largest position. Investment Planning Advisors Inc.’s holdings in Vanguard Mega Cap ETF were worth $35,915,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in MGC. Blue Trust Inc. acquired a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth approximately $48,000. Garton & Associates Financial Advisors LLC acquired a new position in Vanguard Mega Cap ETF in the fourth quarter valued at approximately $48,000. SHP Wealth Management purchased a new position in Vanguard Mega Cap ETF in the fourth quarter worth approximately $68,000. Entrust Financial LLC purchased a new position in Vanguard Mega Cap ETF in the fourth quarter worth approximately $102,000. Finally, Sound Income Strategies LLC grew its position in Vanguard Mega Cap ETF by 816.0% in the fourth quarter. Sound Income Strategies LLC now owns 458 shares of the company’s stock worth $116,000 after acquiring an additional 408 shares during the period.
Vanguard Mega Cap ETF Stock Up 1.7%
NYSEARCA:MGC opened at $271.04 on Tuesday. Vanguard Mega Cap ETF has a 52 week low of $223.50 and a 52 week high of $280.10. The company has a market capitalization of $9.71 billion, a P/E ratio of 26.06 and a beta of 1.01. The stock’s fifty day moving average is $270.15 and its two-hundred day moving average is $256.14.
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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Want to see what other hedge funds are holding MGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Mega Cap ETF (NYSEARCA:MGC – Free Report).
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