Gray Wealth Management Inc. Raises Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Gray Wealth Management Inc. boosted its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,808 shares of the company’s stock after buying an additional 133 shares during the period. Vanguard Mega Cap ETF accounts for 3.2% of Gray Wealth Management Inc.’s portfolio, making the stock its 8th biggest holding. Gray Wealth Management Inc.’s holdings in Vanguard Mega Cap ETF were worth $6,569,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Simon Quick Advisors LLC boosted its position in shares of Vanguard Mega Cap ETF by 4.7% during the 3rd quarter. Simon Quick Advisors LLC now owns 6,315 shares of the company’s stock valued at $959,000 after purchasing an additional 281 shares in the last quarter. Jackson Wealth Management LLC grew its position in Vanguard Mega Cap ETF by 9.0% in the third quarter. Jackson Wealth Management LLC now owns 18,977 shares of the company’s stock worth $2,882,000 after buying an additional 1,570 shares during the last quarter. Modera Wealth Management LLC increased its holdings in shares of Vanguard Mega Cap ETF by 6,409.4% in the third quarter. Modera Wealth Management LLC now owns 83,776 shares of the company’s stock valued at $12,723,000 after buying an additional 82,489 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of Vanguard Mega Cap ETF by 1.3% during the 4th quarter. Physician Wealth Advisors Inc. now owns 30,728 shares of the company’s stock valued at $5,318,000 after acquiring an additional 388 shares during the last quarter. Finally, Baystate Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the fourth quarter worth $79,000.

Vanguard Mega Cap ETF Price Performance

NYSEARCA MGC traded down $0.33 on Thursday, hitting $179.08. 134,005 shares of the company were exchanged, compared to its average volume of 84,243. Vanguard Mega Cap ETF has a twelve month low of $141.58 and a twelve month high of $187.68. The firm has a market capitalization of $5.16 billion, a P/E ratio of 27.80 and a beta of 1.01. The company’s 50 day moving average price is $183.15 and its 200-day moving average price is $170.12.

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.