HighTower Advisors LLC Increases Stake in Vanguard Mega Cap ETF (NYSEARCA:MGC)

HighTower Advisors LLC grew its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 42.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,924 shares of the company’s stock after purchasing an additional 8,319 shares during the period. HighTower Advisors LLC owned about 0.10% of Vanguard Mega Cap ETF worth $5,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MGC. Raymond James Financial Inc. purchased a new stake in Vanguard Mega Cap ETF during the fourth quarter worth $65,366,000. Captrust Financial Advisors boosted its stake in shares of Vanguard Mega Cap ETF by 98.4% during the 3rd quarter. Captrust Financial Advisors now owns 197,628 shares of the company’s stock worth $40,838,000 after acquiring an additional 97,999 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Vanguard Mega Cap ETF during the 3rd quarter valued at about $16,907,000. Modera Wealth Management LLC increased its stake in shares of Vanguard Mega Cap ETF by 5,628.7% in the 4th quarter. Modera Wealth Management LLC now owns 70,635 shares of the company’s stock valued at $15,021,000 after purchasing an additional 69,402 shares in the last quarter. Finally, Segment Wealth Management LLC acquired a new position in Vanguard Mega Cap ETF in the 4th quarter worth about $9,684,000.

Vanguard Mega Cap ETF Trading Down 1.1 %

Shares of MGC opened at $202.29 on Wednesday. The firm has a market cap of $6.23 billion, a P/E ratio of 26.29 and a beta of 1.01. The stock’s 50 day moving average is $214.61 and its two-hundred day moving average is $211.85. Vanguard Mega Cap ETF has a 12 month low of $176.66 and a 12 month high of $222.75.

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.