Riverchase Wealth Management LLC Invests $679,000 in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Riverchase Wealth Management LLC purchased a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,195 shares of the company’s stock, valued at approximately $679,000.

Several other hedge funds also recently modified their holdings of MGC. Blair William & Co. IL raised its position in shares of Vanguard Mega Cap ETF by 3.6% during the fourth quarter. Blair William & Co. IL now owns 2,330 shares of the company’s stock valued at $495,000 after buying an additional 82 shares during the last quarter. Bay Capital Advisors LLC bought a new stake in Vanguard Mega Cap ETF during the 4th quarter worth approximately $558,000. Signature Estate & Investment Advisors LLC increased its stake in shares of Vanguard Mega Cap ETF by 9.5% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 2,121 shares of the company’s stock valued at $451,000 after buying an additional 184 shares in the last quarter. Prospect Financial Group LLC bought a new position in Vanguard Mega Cap ETF in the 4th quarter worth approximately $801,000. Finally, LPL Financial LLC increased its position in Vanguard Mega Cap ETF by 13.5% in the fourth quarter. LPL Financial LLC now owns 429,445 shares of the company’s stock worth $91,326,000 after purchasing an additional 51,072 shares during the period.

Vanguard Mega Cap ETF Price Performance

Shares of NYSEARCA MGC opened at $204.68 on Friday. Vanguard Mega Cap ETF has a fifty-two week low of $176.66 and a fifty-two week high of $222.75. The firm has a market capitalization of $6.30 billion, a P/E ratio of 26.29 and a beta of 1.01. The company’s 50 day simple moving average is $213.64 and its 200 day simple moving average is $212.02.

Vanguard Mega Cap ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a $0.5985 dividend. The ex-dividend date of this dividend is Thursday, March 27th.

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.