Envestnet Portfolio Solutions Inc. Sells 635 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Envestnet Portfolio Solutions Inc. lessened its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,333 shares of the company’s stock after selling 635 shares during the period. Envestnet Portfolio Solutions Inc. owned approximately 0.07% of Vanguard Mega Cap ETF worth $4,209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Assets Advisory LLC bought a new position in shares of Vanguard Mega Cap ETF in the first quarter worth approximately $52,361,000. Mesirow Financial Investment Management Inc. purchased a new stake in Vanguard Mega Cap ETF in the first quarter worth approximately $18,320,000. Truist Financial Corp grew its position in Vanguard Mega Cap ETF by 33.0% in the 4th quarter. Truist Financial Corp now owns 328,112 shares of the company’s stock worth $55,543,000 after purchasing an additional 81,489 shares during the period. Envestnet Asset Management Inc. raised its stake in Vanguard Mega Cap ETF by 18.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 503,356 shares of the company’s stock valued at $85,208,000 after buying an additional 79,645 shares during the last quarter. Finally, Apella Capital LLC lifted its holdings in shares of Vanguard Mega Cap ETF by 27.5% during the 1st quarter. Apella Capital LLC now owns 320,332 shares of the company’s stock valued at $59,447,000 after buying an additional 69,092 shares during the period.

Vanguard Mega Cap ETF Price Performance

Shares of MGC traded up $2.92 during trading hours on Thursday, hitting $199.09. The stock had a trading volume of 42,174 shares, compared to its average volume of 81,319. The firm has a market capitalization of $5.74 billion, a PE ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a 12 month low of $145.94 and a 12 month high of $204.72. The stock has a fifty day moving average price of $197.02 and a 200 day moving average price of $188.28.

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.