Envestnet Portfolio Solutions Inc. Lowers Stake in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Envestnet Portfolio Solutions Inc. lowered its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,422 shares of the company’s stock after selling 374 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.07% of Vanguard Mega Cap ETF worth $4,343,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. New York Life Investment Management LLC lifted its holdings in Vanguard Mega Cap ETF by 3.3% during the fourth quarter. New York Life Investment Management LLC now owns 536,666 shares of the company’s stock valued at $114,127,000 after purchasing an additional 17,030 shares in the last quarter. Leavell Investment Management Inc. lifted its holdings in Vanguard Mega Cap ETF by 3.3% during the fourth quarter. Leavell Investment Management Inc. now owns 470,036 shares of the company’s stock valued at $99,958,000 after purchasing an additional 15,008 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Vanguard Mega Cap ETF by 1.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 410,655 shares of the company’s stock valued at $87,330,000 after purchasing an additional 7,712 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Vanguard Mega Cap ETF during the fourth quarter valued at approximately $65,366,000. Finally, Truist Financial Corp raised its position in shares of Vanguard Mega Cap ETF by 5.0% during the fourth quarter. Truist Financial Corp now owns 228,744 shares of the company’s stock valued at $48,645,000 after buying an additional 10,881 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

Vanguard Mega Cap ETF stock opened at $202.29 on Wednesday. The stock has a market cap of $6.23 billion, a P/E ratio of 26.29 and a beta of 1.01. Vanguard Mega Cap ETF has a 1 year low of $176.66 and a 1 year high of $222.75. The firm’s 50 day moving average price is $214.61 and its 200-day moving average price is $211.85.

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.