Cetera Investment Advisers Grows Stock Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Cetera Investment Advisers increased its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 549.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,497 shares of the company’s stock after purchasing an additional 67,252 shares during the period. Cetera Investment Advisers owned 0.28% of Vanguard Mega Cap ETF worth $14,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MGC. Envestnet Asset Management Inc. increased its position in shares of Vanguard Mega Cap ETF by 18.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 503,356 shares of the company’s stock worth $85,208,000 after acquiring an additional 79,645 shares during the last quarter. New York Life Investment Management LLC grew its position in shares of Vanguard Mega Cap ETF by 14.3% during the fourth quarter. New York Life Investment Management LLC now owns 473,152 shares of the company’s stock worth $80,095,000 after buying an additional 59,183 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Vanguard Mega Cap ETF by 2.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 437,600 shares of the company’s stock worth $74,077,000 after buying an additional 10,276 shares during the last quarter. Cadence Bank raised its holdings in Vanguard Mega Cap ETF by 0.7% in the first quarter. Cadence Bank now owns 425,246 shares of the company’s stock valued at $79,466,000 after acquiring an additional 3,101 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its stake in Vanguard Mega Cap ETF by 4.1% during the 1st quarter. Leavell Investment Management Inc. now owns 415,604 shares of the company’s stock valued at $77,664,000 after acquiring an additional 16,349 shares during the last quarter.

Vanguard Mega Cap ETF Trading Down 1.9 %

Shares of MGC opened at $191.95 on Friday. Vanguard Mega Cap ETF has a 52 week low of $145.94 and a 52 week high of $204.72. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The stock has a 50 day moving average of $196.89 and a 200-day moving average of $187.16.

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.