Vanguard Mega Cap ETF (NYSEARCA:MGC) Shares Sold by David Kennon Inc

David Kennon Inc reduced its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,084 shares of the company’s stock after selling 148 shares during the period. Vanguard Mega Cap ETF comprises approximately 1.0% of David Kennon Inc’s holdings, making the stock its 22nd largest holding. David Kennon Inc’s holdings in Vanguard Mega Cap ETF were worth $2,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York Life Investment Management LLC increased its position in Vanguard Mega Cap ETF by 9.8% in the second quarter. New York Life Investment Management LLC now owns 601,732 shares of the company’s stock worth $118,716,000 after buying an additional 53,817 shares during the period. Envestnet Asset Management Inc. increased its position in Vanguard Mega Cap ETF by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 443,796 shares of the company’s stock worth $87,556,000 after buying an additional 3,073 shares during the period. Apella Capital LLC increased its position in Vanguard Mega Cap ETF by 14.8% in the third quarter. Apella Capital LLC now owns 441,217 shares of the company’s stock worth $90,220,000 after buying an additional 56,991 shares during the period. Leavell Investment Management Inc. increased its position in Vanguard Mega Cap ETF by 3.6% in the second quarter. Leavell Investment Management Inc. now owns 430,635 shares of the company’s stock worth $85,225,000 after buying an additional 15,031 shares during the period. Finally, Cadence Bank increased its position in Vanguard Mega Cap ETF by 0.7% in the first quarter. Cadence Bank now owns 425,246 shares of the company’s stock worth $79,466,000 after buying an additional 3,101 shares during the period.

Vanguard Mega Cap ETF Price Performance

Shares of MGC traded down $1.70 during trading hours on Wednesday, reaching $208.71. 14,137 shares of the company’s stock traded hands, compared to its average volume of 78,467. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a twelve month low of $145.94 and a twelve month high of $210.83. The business’s fifty day simple moving average is $203.65 and its two-hundred day simple moving average is $195.82.

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.