Schmidt P J Investment Management Inc. Cuts Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Schmidt P J Investment Management Inc. decreased its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,568 shares of the company’s stock after selling 1,117 shares during the period. Vanguard Mega Cap ETF makes up approximately 1.8% of Schmidt P J Investment Management Inc.’s holdings, making the stock its 14th largest holding. Schmidt P J Investment Management Inc. owned approximately 0.17% of Vanguard Mega Cap ETF worth $10,329,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MGC. Foundations Investment Advisors LLC grew its stake in shares of Vanguard Mega Cap ETF by 65.6% during the third quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the company’s stock valued at $463,000 after buying an additional 888 shares during the last quarter. Stifel Financial Corp grew its position in Vanguard Mega Cap ETF by 2.9% during the 3rd quarter. Stifel Financial Corp now owns 7,668 shares of the company’s stock worth $1,585,000 after acquiring an additional 217 shares during the last quarter. FMR LLC grew its position in Vanguard Mega Cap ETF by 3.5% during the 3rd quarter. FMR LLC now owns 22,727 shares of the company’s stock worth $4,696,000 after acquiring an additional 764 shares during the last quarter. Verus Financial Partners Inc. increased its stake in Vanguard Mega Cap ETF by 0.4% in the 3rd quarter. Verus Financial Partners Inc. now owns 223,343 shares of the company’s stock worth $45,691,000 after purchasing an additional 822 shares during the period. Finally, Creative Planning lifted its position in Vanguard Mega Cap ETF by 0.6% in the third quarter. Creative Planning now owns 63,033 shares of the company’s stock valued at $13,025,000 after purchasing an additional 387 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

Shares of Vanguard Mega Cap ETF stock opened at $219.14 on Thursday. Vanguard Mega Cap ETF has a 52-week low of $176.49 and a 52-week high of $221.53. The company’s 50 day moving average price is $216.63 and its 200-day moving average price is $208.45. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02.

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.