Vanguard Mega Cap ETF (NYSEARCA:MGC) Shares Purchased by Gray Wealth Management Inc.

Gray Wealth Management Inc. grew its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,808 shares of the company’s stock after acquiring an additional 133 shares during the period. Vanguard Mega Cap ETF accounts for approximately 3.2% of Gray Wealth Management Inc.’s investment portfolio, making the stock its 8th biggest position. Gray Wealth Management Inc. owned 0.15% of Vanguard Mega Cap ETF worth $6,569,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Key Financial Inc bought a new position in Vanguard Mega Cap ETF during the 4th quarter worth $29,000. Cornerstone Planning Group LLC bought a new position in shares of Vanguard Mega Cap ETF during the second quarter worth about $30,000. Ameritas Investment Partners Inc. acquired a new position in shares of Vanguard Mega Cap ETF in the second quarter worth approximately $31,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in Vanguard Mega Cap ETF in the third quarter valued at approximately $33,000. Finally, Fortis Capital Advisors LLC acquired a new stake in Vanguard Mega Cap ETF during the 4th quarter valued at approximately $40,000.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA MGC traded down $0.33 during midday trading on Thursday, reaching $179.08. The stock had a trading volume of 134,005 shares, compared to its average volume of 84,243. The company’s 50 day moving average price is $183.15 and its 200 day moving average price is $170.12. Vanguard Mega Cap ETF has a twelve month low of $141.58 and a twelve month high of $187.68. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 27.80 and a beta of 1.01.

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.