Phillips Financial Management LLC Reduces Stock Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Phillips Financial Management LLC cut its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,553 shares of the company’s stock after selling 1,569 shares during the quarter. Phillips Financial Management LLC owned approximately 0.15% of Vanguard Mega Cap ETF worth $9,475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of Vanguard Mega Cap ETF by 1.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 196,654 shares of the company’s stock worth $41,820,000 after purchasing an additional 3,280 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Vanguard Mega Cap ETF by 2.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 24,828 shares of the company’s stock valued at $5,280,000 after purchasing an additional 607 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Vanguard Mega Cap ETF by 42.4% in the 4th quarter. HighTower Advisors LLC now owns 27,924 shares of the company’s stock worth $5,938,000 after acquiring an additional 8,319 shares during the period. Prosperity Wealth Management Inc. boosted its stake in Vanguard Mega Cap ETF by 7.5% during the 4th quarter. Prosperity Wealth Management Inc. now owns 1,074 shares of the company’s stock valued at $228,000 after purchasing an additional 75 shares during the period. Finally, Independent Advisor Alliance acquired a new stake in shares of Vanguard Mega Cap ETF in the fourth quarter valued at approximately $638,000.

Vanguard Mega Cap ETF Price Performance

Shares of MGC stock opened at $202.06 on Thursday. The business has a 50 day simple moving average of $215.77 and a 200 day simple moving average of $211.84. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 27.81 and a beta of 1.01. Vanguard Mega Cap ETF has a 12-month low of $176.66 and a 12-month high of $222.75.

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.