Prospect Financial Group LLC Makes New $801,000 Investment in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Prospect Financial Group LLC purchased a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,767 shares of the company’s stock, valued at approximately $801,000. Vanguard Mega Cap ETF makes up 1.0% of Prospect Financial Group LLC’s holdings, making the stock its 27th largest position.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in Vanguard Mega Cap ETF by 12.6% in the third quarter. Larson Financial Group LLC now owns 474 shares of the company’s stock worth $98,000 after purchasing an additional 53 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Vanguard Mega Cap ETF by 6.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,029 shares of the company’s stock valued at $219,000 after buying an additional 64 shares during the period. Zega Financial LLC increased its position in Vanguard Mega Cap ETF by 5.6% in the 3rd quarter. Zega Financial LLC now owns 1,290 shares of the company’s stock valued at $267,000 after buying an additional 68 shares in the last quarter. Prosperity Wealth Management Inc. raised its stake in Vanguard Mega Cap ETF by 7.5% during the 4th quarter. Prosperity Wealth Management Inc. now owns 1,074 shares of the company’s stock worth $228,000 after buying an additional 75 shares during the period. Finally, Jackson Wealth Management LLC boosted its holdings in Vanguard Mega Cap ETF by 0.4% in the fourth quarter. Jackson Wealth Management LLC now owns 18,873 shares of the company’s stock worth $4,014,000 after acquiring an additional 77 shares in the last quarter.

Vanguard Mega Cap ETF Stock Up 1.8 %

NYSEARCA MGC opened at $208.11 on Tuesday. Vanguard Mega Cap ETF has a 52 week low of $176.66 and a 52 week high of $222.75. The business has a 50 day moving average price of $214.04 and a 200-day moving average price of $212.02. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 26.29 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.