Vanguard Mega Cap ETF $MGC Shares Purchased by Truist Financial Corp

Truist Financial Corp grew its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 5.8% during the 2nd quarter, Holdings Channel reports. The firm owned 190,959 shares of the company’s stock after purchasing an additional 10,471 shares during the period. Truist Financial Corp’s holdings in Vanguard Mega Cap ETF were worth $42,951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MGC. BCU Wealth Advisors LLC boosted its stake in Vanguard Mega Cap ETF by 16.7% during the second quarter. BCU Wealth Advisors LLC now owns 2,793 shares of the company’s stock valued at $628,000 after buying an additional 400 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in Vanguard Mega Cap ETF by 7.4% in the 2nd quarter. Capital Investment Advisors LLC now owns 75,160 shares of the company’s stock valued at $16,905,000 after acquiring an additional 5,159 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Vanguard Mega Cap ETF by 82.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 88,291 shares of the company’s stock valued at $19,859,000 after purchasing an additional 39,878 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of Vanguard Mega Cap ETF during the 2nd quarter valued at about $494,000. Finally, Fiduciary Advisors Inc. grew its stake in shares of Vanguard Mega Cap ETF by 2.4% in the 2nd quarter. Fiduciary Advisors Inc. now owns 23,992 shares of the company’s stock worth $5,396,000 after purchasing an additional 561 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA:MGC opened at $245.24 on Friday. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 26.06 and a beta of 1.00. Vanguard Mega Cap ETF has a 1-year low of $173.32 and a 1-year high of $245.93. The company has a 50 day moving average price of $236.56 and a 200 day moving average price of $219.23.

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.