Envestnet Asset Management Inc. Has $194.30 Million Stock Holdings in Vanguard Mega Cap ETF $MGC

Envestnet Asset Management Inc. boosted its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 65.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 863,882 shares of the company’s stock after buying an additional 341,492 shares during the period. Envestnet Asset Management Inc. owned approximately 2.65% of Vanguard Mega Cap ETF worth $194,304,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MGC. Leavell Investment Management Inc. boosted its holdings in shares of Vanguard Mega Cap ETF by 2.7% during the second quarter. Leavell Investment Management Inc. now owns 494,163 shares of the company’s stock worth $111,419,000 after acquiring an additional 13,201 shares during the period. Wooster Corthell Wealth Management Inc. boosted its stake in Vanguard Mega Cap ETF by 1.4% in the 2nd quarter. Wooster Corthell Wealth Management Inc. now owns 481,051 shares of the company’s stock valued at $108,198,000 after purchasing an additional 6,801 shares during the period. Jones Financial Companies Lllp boosted its stake in Vanguard Mega Cap ETF by 2,183.2% in the 1st quarter. Jones Financial Companies Lllp now owns 476,255 shares of the company’s stock valued at $95,908,000 after purchasing an additional 455,396 shares during the period. LPL Financial LLC grew its holdings in Vanguard Mega Cap ETF by 2.5% in the 1st quarter. LPL Financial LLC now owns 440,223 shares of the company’s stock valued at $88,652,000 after buying an additional 10,778 shares in the last quarter. Finally, Cadence Bank increased its position in Vanguard Mega Cap ETF by 0.4% during the 1st quarter. Cadence Bank now owns 426,441 shares of the company’s stock worth $85,877,000 after buying an additional 1,604 shares during the period.

Vanguard Mega Cap ETF Stock Performance

MGC opened at $252.02 on Tuesday. The stock has a fifty day moving average of $241.13 and a 200-day moving average of $225.18. The company has a market capitalization of $8.83 billion, a P/E ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a fifty-two week low of $173.32 and a fifty-two week high of $252.13.

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.