First Bancorp Inc ME Takes Position in Vanguard Mega Cap ETF $MGC

First Bancorp Inc ME purchased a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 156,039 shares of the company’s stock, valued at approximately $12,572,000. Vanguard Mega Cap ETF comprises 5.0% of First Bancorp Inc ME’s investment portfolio, making the stock its 4th largest holding. First Bancorp Inc ME owned 0.43% of Vanguard Mega Cap ETF at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Orion Porfolio Solutions LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 577.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after acquiring an additional 891,030 shares during the period. Raymond James Financial Inc. raised its stake in shares of Vanguard Mega Cap ETF by 31.8% during the 2nd quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after purchasing an additional 96,754 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Vanguard Mega Cap ETF by 547.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 101,025 shares of the company’s stock worth $25,374,000 after purchasing an additional 85,413 shares in the last quarter. Win Advisors Inc. purchased a new stake in Vanguard Mega Cap ETF during the 4th quarter worth about $21,008,000. Finally, Wellington Management Group LLP bought a new position in Vanguard Mega Cap ETF in the 3rd quarter worth about $16,972,000.

Vanguard Mega Cap ETF Stock Up 0.3%

MGC stock opened at $280.35 on Wednesday. The stock has a 50-day simple moving average of $275.53 and a two-hundred day simple moving average of $263.11. Vanguard Mega Cap ETF has a twelve month low of $228.37 and a twelve month high of $285.55. The firm has a market capitalization of $10.26 billion, a PE ratio of 26.06 and a beta of 1.01.

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.