Modera Wealth Management LLC Buys 69,402 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Modera Wealth Management LLC boosted its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 5,628.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 70,635 shares of the company’s stock after purchasing an additional 69,402 shares during the period. Modera Wealth Management LLC’s holdings in Vanguard Mega Cap ETF were worth $15,021,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap ETF in the fourth quarter valued at approximately $29,000. Decker Retirement Planning Inc. purchased a new position in Vanguard Mega Cap ETF during the 4th quarter worth $30,000. Ashton Thomas Securities LLC bought a new stake in Vanguard Mega Cap ETF during the 3rd quarter valued at $33,000. Key Financial Inc purchased a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter worth $40,000. Finally, Tsfg LLC bought a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth $42,000.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA MGC opened at $215.31 on Friday. Vanguard Mega Cap ETF has a one year low of $176.66 and a one year high of $222.75. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 27.81 and a beta of 1.01. The company’s 50-day simple moving average is $217.07 and its two-hundred day simple moving average is $211.33.

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.