Apexium Financial LP Buys New Stake in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Apexium Financial LP purchased a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,041 shares of the company’s stock, valued at approximately $1,285,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new position in shares of Vanguard Mega Cap ETF during the third quarter valued at $33,000. Hershey Financial Advisers LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter valued at $36,000. Future Financial Wealth Managment LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 3rd quarter worth about $41,000. Finally, Tsfg LLC acquired a new position in Vanguard Mega Cap ETF in the fourth quarter valued at about $42,000.

Vanguard Mega Cap ETF Trading Down 0.3 %

NYSEARCA:MGC opened at $220.50 on Monday. The stock has a market capitalization of $6.36 billion, a P/E ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a 1 year low of $173.01 and a 1 year high of $221.53. The firm has a 50 day moving average of $215.90 and a 200-day moving average of $207.56.

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.