IFP Advisors Inc Sells 2,181 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

IFP Advisors Inc cut its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 7.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,849 shares of the company’s stock after selling 2,181 shares during the period. IFP Advisors Inc’s holdings in Vanguard Mega Cap ETF were worth $5,497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Vanguard Mega Cap ETF during the fourth quarter valued at approximately $29,000. Decker Retirement Planning Inc. bought a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 3rd quarter valued at approximately $33,000. Key Financial Inc bought a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter valued at approximately $40,000. Finally, Tsfg LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter valued at approximately $42,000.

Vanguard Mega Cap ETF Price Performance

NYSEARCA:MGC opened at $217.85 on Monday. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a 1 year low of $176.66 and a 1 year high of $222.75. The business has a 50 day simple moving average of $217.19 and a 200-day simple moving average of $210.79.

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.