Beacon Pointe Advisors LLC Grows Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Beacon Pointe Advisors LLC increased its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,396 shares of the company’s stock after purchasing an additional 710 shares during the period. Beacon Pointe Advisors LLC owned 0.09% of Vanguard Mega Cap ETF worth $3,961,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in shares of Vanguard Mega Cap ETF by 7.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,072 shares of the company’s stock valued at $9,153,000 after purchasing an additional 3,735 shares in the last quarter. MAS Advisors LLC bought a new stake in Vanguard Mega Cap ETF in the fourth quarter worth $209,000. Avantax Advisory Services Inc. grew its stake in shares of Vanguard Mega Cap ETF by 12.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 16,130 shares of the company’s stock worth $2,731,000 after acquiring an additional 1,740 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of Vanguard Mega Cap ETF by 41.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 9,349 shares of the company’s stock valued at $1,583,000 after acquiring an additional 2,752 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Vanguard Mega Cap ETF by 26.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 24,399 shares of the company’s stock worth $4,130,000 after purchasing an additional 5,140 shares in the last quarter.

Vanguard Mega Cap ETF Stock Up 0.1 %

NYSEARCA:MGC opened at $189.80 on Friday. Vanguard Mega Cap ETF has a 52 week low of $144.59 and a 52 week high of $190.54. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The company’s 50 day moving average price is $184.21 and its 200-day moving average price is $174.82.

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.