Summit X LLC Has $232,000 Stock Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Summit X LLC decreased its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 4.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,093 shares of the company’s stock after selling 54 shares during the quarter. Summit X LLC’s holdings in Vanguard Mega Cap ETF were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MGC. Raymond James Financial Inc. bought a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at approximately $65,366,000. Captrust Financial Advisors raised its stake in Vanguard Mega Cap ETF by 98.4% in the third quarter. Captrust Financial Advisors now owns 197,628 shares of the company’s stock valued at $40,838,000 after buying an additional 97,999 shares during the period. Atlantic Union Bankshares Corp bought a new stake in Vanguard Mega Cap ETF in the third quarter valued at approximately $16,907,000. Modera Wealth Management LLC raised its stake in Vanguard Mega Cap ETF by 5,628.7% in the fourth quarter. Modera Wealth Management LLC now owns 70,635 shares of the company’s stock valued at $15,021,000 after buying an additional 69,402 shares during the period. Finally, Segment Wealth Management LLC bought a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at approximately $9,684,000.

Vanguard Mega Cap ETF Stock Up 0.6 %

NYSEARCA:MGC opened at $202.06 on Thursday. The stock’s 50 day moving average price is $215.77 and its two-hundred day moving average price is $211.84. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 27.81 and a beta of 1.01. Vanguard Mega Cap ETF has a 12-month low of $176.66 and a 12-month high of $222.75.

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.