Physician Wealth Advisors Inc. Grows Holdings in Vanguard Mega Cap ETF $MGC

Physician Wealth Advisors Inc. lifted its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 6.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,197 shares of the company’s stock after acquiring an additional 2,594 shares during the quarter. Vanguard Mega Cap ETF accounts for about 1.5% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 21st largest position. Physician Wealth Advisors Inc.’s holdings in Vanguard Mega Cap ETF were worth $10,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of MGC. Pinnacle Financial Partners Inc lifted its stake in Vanguard Mega Cap ETF by 1.4% during the third quarter. Pinnacle Financial Partners Inc now owns 3,089 shares of the company’s stock worth $754,000 after purchasing an additional 42 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of Vanguard Mega Cap ETF by 5.5% in the 2nd quarter. AE Wealth Management LLC now owns 1,105 shares of the company’s stock valued at $249,000 after purchasing an additional 58 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Vanguard Mega Cap ETF by 1.4% in the 2nd quarter. D.A. Davidson & CO. now owns 4,448 shares of the company’s stock valued at $1,001,000 after purchasing an additional 60 shares during the period. Financial Freedom LLC grew its position in shares of Vanguard Mega Cap ETF by 0.6% during the second quarter. Financial Freedom LLC now owns 10,197 shares of the company’s stock worth $2,294,000 after acquiring an additional 60 shares during the last quarter. Finally, Golden State Equity Partners raised its position in Vanguard Mega Cap ETF by 6.6% in the 3rd quarter. Golden State Equity Partners now owns 1,089 shares of the company’s stock valued at $266,000 after purchasing an additional 67 shares during the last quarter.

Vanguard Mega Cap ETF Stock Up 0.5%

Shares of NYSEARCA:MGC opened at $254.89 on Tuesday. The company has a market cap of $10.00 billion, a price-to-earnings 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 $255.75. The firm’s 50-day simple moving average is $252.16 and its 200-day simple moving average is $244.51.

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.