Flagship Wealth Advisors LLC Invests $3.17 Million in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Flagship Wealth Advisors LLC purchased a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the fourth quarter, Holdings Channel.com reports. The fund purchased 14,921 shares of the company’s stock, valued at approximately $3,173,000. Vanguard Mega Cap ETF comprises 1.9% of Flagship Wealth Advisors LLC’s portfolio, making the stock its 15th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its stake in Vanguard Mega Cap ETF by 2.9% in the third quarter. Stifel Financial Corp now owns 7,668 shares of the company’s stock worth $1,585,000 after acquiring an additional 217 shares during the period. FMR LLC lifted its stake in Vanguard Mega Cap ETF by 3.5% in the third quarter. FMR LLC now owns 22,727 shares of the company’s stock worth $4,696,000 after acquiring an additional 764 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Vanguard Mega Cap ETF in the fourth quarter worth $31,000. Bleakley Financial Group LLC purchased a new stake in Vanguard Mega Cap ETF in the fourth quarter worth $209,000. Finally, Nwam LLC purchased a new stake in Vanguard Mega Cap ETF in the third quarter worth $205,000.

Vanguard Mega Cap ETF Stock Up 2.1 %

Shares of MGC stock opened at $203.45 on Monday. The stock has a fifty day moving average of $215.07 and a 200 day moving average of $211.83. Vanguard Mega Cap ETF has a 52 week low of $176.66 and a 52 week high of $222.75. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 26.29 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.