Cape Investment Advisory Inc. Invests $97,000 in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Cape Investment Advisory Inc. bought a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 519 shares of the company’s stock, valued at approximately $97,000.

A number of other hedge funds have also recently modified their holdings of the stock. Jackson Wealth Management LLC boosted its stake in shares of Vanguard Mega Cap ETF by 1.0% in the first quarter. Jackson Wealth Management LLC now owns 18,715 shares of the company’s stock worth $3,497,000 after buying an additional 187 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of Vanguard Mega Cap ETF by 88.1% in the first quarter. Cetera Advisors LLC now owns 7,899 shares of the company’s stock worth $1,476,000 after buying an additional 3,699 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Vanguard Mega Cap ETF by 549.2% in the first quarter. Cetera Investment Advisers now owns 79,497 shares of the company’s stock worth $14,856,000 after buying an additional 67,252 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Vanguard Mega Cap ETF in the first quarter worth about $773,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Vanguard Mega Cap ETF in the first quarter worth about $1,734,000.

Vanguard Mega Cap ETF Stock Down 1.9 %

Shares of MGC traded down $3.64 during mid-day trading on Friday, reaching $191.95. The company had a trading volume of 83,570 shares, compared to its average volume of 79,225. Vanguard Mega Cap ETF has a 52-week low of $145.94 and a 52-week high of $204.72. The stock has a market capitalization of $5.53 billion, a P/E ratio of 26.93 and a beta of 1.02. The stock has a 50 day moving average of $196.89 and a two-hundred day moving average of $187.16.

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.