Rialto Wealth Management LLC Takes Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Rialto Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 210 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York Life Investment Management LLC grew its position in Vanguard Mega Cap ETF by 3.3% in the 4th quarter. New York Life Investment Management LLC now owns 536,666 shares of the company’s stock worth $114,127,000 after purchasing an additional 17,030 shares during the period. Leavell Investment Management Inc. boosted its stake in shares of Vanguard Mega Cap ETF by 3.3% in the 4th quarter. Leavell Investment Management Inc. now owns 470,036 shares of the company’s stock worth $99,958,000 after buying an additional 15,008 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Vanguard Mega Cap ETF by 1.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 410,655 shares of the company’s stock worth $87,330,000 after acquiring an additional 7,712 shares during the period. Raymond James Financial Inc. purchased a new stake in Vanguard Mega Cap ETF during the fourth quarter valued at $65,366,000. Finally, Truist Financial Corp lifted its holdings in Vanguard Mega Cap ETF by 5.0% in the fourth quarter. Truist Financial Corp now owns 228,744 shares of the company’s stock valued at $48,645,000 after acquiring an additional 10,881 shares during the period.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA:MGC opened at $208.23 on Monday. The stock’s 50-day simple moving average is $216.24 and its two-hundred day simple moving average is $211.77. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 27.81 and a beta of 1.01. Vanguard Mega Cap ETF has a 52-week low of $176.66 and a 52-week high of $222.75.

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.