Brand Asset Management Group Inc. Decreases Stock Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Brand Asset Management Group Inc. reduced its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 13,565 shares of the company’s stock after selling 369 shares during the quarter. Vanguard Mega Cap ETF accounts for approximately 1.2% of Brand Asset Management Group Inc.’s portfolio, making the stock its 22nd biggest position. Brand Asset Management Group Inc.’s holdings in Vanguard Mega Cap ETF were worth $2,885,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MGC. Mesirow Financial Investment Management Inc. grew its position in shares of Vanguard Mega Cap ETF by 101.0% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 196,948 shares of the company’s stock worth $40,698,000 after acquiring an additional 98,974 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Vanguard Mega Cap ETF by 98.4% during the 3rd quarter. Captrust Financial Advisors now owns 197,628 shares of the company’s stock worth $40,838,000 after purchasing an additional 97,999 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Vanguard Mega Cap ETF in the 3rd quarter worth approximately $16,907,000. International Assets Investment Management LLC increased its position in Vanguard Mega Cap ETF by 20,675.3% in the third quarter. International Assets Investment Management LLC now owns 74,999 shares of the company’s stock worth $15,498,000 after buying an additional 74,638 shares during the period. Finally, Apella Capital LLC lifted its stake 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 valued at $90,220,000 after buying an additional 56,991 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

Vanguard Mega Cap ETF stock opened at $216.45 on Friday. The firm has a market capitalization of $6.24 billion, a P/E ratio of 26.93 and a beta of 1.02. The company has a 50-day simple moving average of $215.40 and a 200-day simple moving average of $206.87. Vanguard Mega Cap ETF has a one year low of $169.24 and a one year high of $220.49.

Vanguard Mega Cap ETF 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.