Atlantic Union Bankshares Corp Buys New Stake in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Atlantic Union Bankshares Corp purchased a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 81,821 shares of the company’s stock, valued at approximately $16,907,000. Vanguard Mega Cap ETF accounts for about 1.0% of Atlantic Union Bankshares Corp’s portfolio, making the stock its 20th biggest position. Atlantic Union Bankshares Corp owned about 0.28% of Vanguard Mega Cap ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MGC. PFG Private Wealth Management LLC bought a new stake in Vanguard Mega Cap ETF during the second quarter worth approximately $31,000. Ashton Thomas Securities LLC acquired a new position in shares of Vanguard Mega Cap ETF during the 3rd quarter valued at $33,000. Hershey Financial Advisers LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 2nd quarter worth $36,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the third quarter valued at $41,000. Finally, International Assets Investment Management LLC acquired a new position in Vanguard Mega Cap ETF during the second quarter worth about $71,000.

Vanguard Mega Cap ETF Trading Down 0.4 %

Shares of NYSEARCA MGC opened at $215.02 on Friday. The firm has a 50-day moving average of $209.64 and a two-hundred day moving average of $201.16. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a twelve month low of $161.92 and a twelve month high of $216.39.

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.