Forvis Mazars Wealth Advisors LLC Sells 56,614 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Forvis Mazars Wealth Advisors LLC reduced its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 19.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 230,187 shares of the company’s stock after selling 56,614 shares during the quarter. Vanguard Mega Cap ETF comprises about 1.1% of Forvis Mazars Wealth Advisors LLC’s portfolio, making the stock its 15th largest holding. Forvis Mazars Wealth Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $48,952,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mesirow Financial Investment Management Inc. raised its position in Vanguard Mega Cap ETF by 101.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 196,948 shares of the company’s stock worth $40,698,000 after buying an additional 98,974 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Vanguard Mega Cap ETF by 98.4% during the 3rd quarter. Captrust Financial Advisors now owns 197,628 shares of the company’s stock valued at $40,838,000 after purchasing an additional 97,999 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Vanguard Mega Cap ETF during the 3rd quarter valued at approximately $16,907,000. International Assets Investment Management LLC increased its holdings in shares of Vanguard Mega Cap ETF by 20,675.3% during the 3rd quarter. International Assets Investment Management LLC now owns 74,999 shares of the company’s stock valued at $15,498,000 after purchasing an additional 74,638 shares in the last quarter. Finally, Segment Wealth Management LLC purchased a new position in shares of Vanguard Mega Cap ETF during the 4th quarter valued at approximately $9,684,000.

Vanguard Mega Cap ETF Price Performance

NYSEARCA:MGC opened at $217.85 on Friday. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The company has a 50 day moving average price of $217.19 and a 200-day moving average price of $210.62. Vanguard Mega Cap ETF has a 1-year low of $176.66 and a 1-year high of $222.75.

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.