Hobart Private Capital LLC Buys 5,747 Shares of Vanguard Mega Cap ETF $MGC

Hobart Private Capital LLC increased its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 30.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 24,868 shares of the company’s stock after acquiring an additional 5,747 shares during the quarter. Vanguard Mega Cap ETF comprises about 1.3% of Hobart Private Capital LLC’s holdings, making the stock its 25th largest position. Hobart Private Capital LLC’s holdings in Vanguard Mega Cap ETF were worth $5,593,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp boosted its stake in Vanguard Mega Cap ETF by 2,183.2% in the first quarter. Jones Financial Companies Lllp now owns 476,255 shares of the company’s stock valued at $95,908,000 after acquiring an additional 455,396 shares during the last quarter. Cetera Investment Advisers boosted its stake in Vanguard Mega Cap ETF by 190.4% in the first quarter. Cetera Investment Advisers now owns 272,932 shares of the company’s stock valued at $54,963,000 after acquiring an additional 178,944 shares during the last quarter. Praetorian Wealth Management Inc. bought a new position in Vanguard Mega Cap ETF in the second quarter valued at approximately $19,839,000. Envestnet Asset Management Inc. boosted its stake in Vanguard Mega Cap ETF by 19.0% in the first quarter. Envestnet Asset Management Inc. now owns 522,390 shares of the company’s stock valued at $105,199,000 after acquiring an additional 83,569 shares during the last quarter. Finally, Ascent Group LLC bought a new position in Vanguard Mega Cap ETF in the first quarter valued at approximately $13,818,000.

Vanguard Mega Cap ETF Stock Performance

Shares of MGC stock opened at $248.70 on Friday. Vanguard Mega Cap ETF has a 52-week low of $173.32 and a 52-week high of $249.14. The stock has a market cap of $8.71 billion, a PE ratio of 26.06 and a beta of 1.00. The firm’s 50 day moving average price is $240.79 and its two-hundred day moving average price is $224.28.

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.