Strategies Wealth Advisors LLC Sells 231 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Strategies Wealth Advisors LLC trimmed its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,599 shares of the company’s stock after selling 231 shares during the period. Strategies Wealth Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $1,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGC. Stifel Financial Corp increased its stake in shares of Vanguard Mega Cap ETF by 2.9% in the third quarter. Stifel Financial Corp now owns 7,668 shares of the company’s stock worth $1,585,000 after purchasing an additional 217 shares in the last quarter. Fulcrum Equity Management bought a new stake in shares of Vanguard Mega Cap ETF during the 3rd quarter valued at about $247,000. Destination Wealth Management raised its position in shares of Vanguard Mega Cap ETF by 3.7% during the 3rd quarter. Destination Wealth Management now owns 43,706 shares of the company’s stock valued at $9,031,000 after buying an additional 1,546 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of Vanguard Mega Cap ETF by 97.4% in the 3rd quarter. Synovus Financial Corp now owns 5,834 shares of the company’s stock worth $1,206,000 after purchasing an additional 2,878 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Vanguard Mega Cap ETF by 0.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,139 shares of the company’s stock worth $8,294,000 after acquiring an additional 225 shares during the last quarter.

Vanguard Mega Cap ETF Trading Up 1.8 %

NYSEARCA MGC opened at $193.23 on Monday. Vanguard Mega Cap ETF has a 1-year low of $173.32 and a 1-year high of $222.75. The stock has a 50-day moving average of $206.83 and a 200-day moving average of $211.13. The firm has a market cap of $5.89 billion, a PE ratio of 25.62 and a beta of 1.02.

Vanguard Mega Cap ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.5985 per share. The ex-dividend date was Thursday, March 27th.

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.