New York Life Investment Management LLC Acquires 59,183 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

New York Life Investment Management LLC grew its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,152 shares of the company’s stock after buying an additional 59,183 shares during the quarter. Vanguard Mega Cap ETF makes up 0.8% of New York Life Investment Management LLC’s portfolio, making the stock its 24th largest position. New York Life Investment Management LLC’s holdings in Vanguard Mega Cap ETF were worth $80,095,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MGC. Simon Quick Advisors LLC increased its stake in shares of Vanguard Mega Cap ETF by 4.7% during the 3rd quarter. Simon Quick Advisors LLC now owns 6,315 shares of the company’s stock worth $959,000 after purchasing an additional 281 shares during the last quarter. Jackson Wealth Management LLC grew its stake in Vanguard Mega Cap ETF by 9.0% in the 3rd quarter. Jackson Wealth Management LLC now owns 18,977 shares of the company’s stock valued at $2,882,000 after buying an additional 1,570 shares during the last quarter. Annapolis Financial Services LLC grew its stake in Vanguard Mega Cap ETF by 92.1% in the 4th quarter. Annapolis Financial Services LLC now owns 48,152 shares of the company’s stock valued at $8,151,000 after buying an additional 23,081 shares during the last quarter. Modera Wealth Management LLC grew its stake in Vanguard Mega Cap ETF by 6,409.4% in the 3rd quarter. Modera Wealth Management LLC now owns 83,776 shares of the company’s stock valued at $12,723,000 after buying an additional 82,489 shares during the last quarter. Finally, Physician Wealth Advisors Inc. grew its stake in Vanguard Mega Cap ETF by 1.3% in the 4th quarter. Physician Wealth Advisors Inc. now owns 30,728 shares of the company’s stock valued at $5,318,000 after buying an additional 388 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

MGC traded down $0.79 on Wednesday, reaching $178.88. The company had a trading volume of 144,982 shares, compared to its average volume of 83,539. Vanguard Mega Cap ETF has a fifty-two week low of $141.84 and a fifty-two week high of $187.68. The stock has a market cap of $5.16 billion, a P/E ratio of 27.80 and a beta of 1.01. The company’s fifty day moving average is $183.30 and its 200 day moving average is $171.95.

Vanguard Mega Cap ETF Company 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.