Truist Financial Corp Trims Position in Vanguard Mega Cap ETF $MGC

Truist Financial Corp cut its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 163,597 shares of the company’s stock after selling 12,262 shares during the quarter. Truist Financial Corp’s holdings in Vanguard Mega Cap ETF were worth $41,091,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Mutual Advisors LLC purchased a new position in Vanguard Mega Cap ETF during the 4th quarter worth approximately $257,000. Uptick Partners LLC purchased a new position in Vanguard Mega Cap ETF during the 4th quarter worth approximately $572,000. Vantage Point Financial LLC raised its position in Vanguard Mega Cap ETF by 77.0% during the 4th quarter. Vantage Point Financial LLC now owns 2,920 shares of the company’s stock worth $733,000 after buying an additional 1,270 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Vanguard Mega Cap ETF during the 4th quarter worth approximately $205,000. Finally, Cadence Bank raised its position in Vanguard Mega Cap ETF by 0.9% during the 4th quarter. Cadence Bank now owns 434,553 shares of the company’s stock worth $109,147,000 after buying an additional 3,669 shares during the last quarter.

Vanguard Mega Cap ETF Trading Up 0.8%

MGC opened at $264.90 on Wednesday. The firm has a market capitalization of $9.49 billion, a PE ratio of 26.06 and a beta of 1.01. The firm has a 50 day moving average of $247.68 and a two-hundred day moving average of $249.50. Vanguard Mega Cap ETF has a 12-month low of $200.84 and a 12-month high of $265.38.

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.