LPL Financial LLC Has $91.33 Million Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

LPL Financial LLC boosted its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 13.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 429,445 shares of the company’s stock after acquiring an additional 51,072 shares during the period. LPL Financial LLC owned 1.49% of Vanguard Mega Cap ETF worth $91,326,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter valued at about $29,000. Decker Retirement Planning Inc. acquired a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at approximately $31,000. Key Financial Inc bought a new stake in shares of Vanguard Mega Cap ETF in the fourth quarter worth $40,000. Finally, Tsfg LLC acquired a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at $42,000.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA MGC opened at $208.80 on Wednesday. The stock has a market capitalization of $6.43 billion, a PE ratio of 26.29 and a beta of 1.01. Vanguard Mega Cap ETF has a 52 week low of $176.66 and a 52 week high of $222.75. The stock has a 50 day moving average price of $214.04 and a 200 day moving average price of $212.02.

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.