Vanguard Mega Cap ETF (NYSEARCA:MGC) Stake Lowered by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC cut its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 30.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,326 shares of the company’s stock after selling 1,903 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Vanguard Mega Cap ETF were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in MGC. Leavell Investment Management Inc. grew its holdings in Vanguard Mega Cap ETF by 3.3% in the 4th quarter. Leavell Investment Management Inc. now owns 470,036 shares of the company’s stock worth $99,958,000 after buying an additional 15,008 shares in the last quarter. Truist Financial Corp grew its holdings in Vanguard Mega Cap ETF by 5.0% in the 4th quarter. Truist Financial Corp now owns 228,744 shares of the company’s stock worth $48,645,000 after buying an additional 10,881 shares in the last quarter. Summit Wealth & Retirement Planning Inc. grew its holdings in Vanguard Mega Cap ETF by 20.8% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 223,935 shares of the company’s stock worth $47,622,000 after buying an additional 38,563 shares in the last quarter. Verus Financial Partners Inc. grew its holdings in Vanguard Mega Cap ETF by 0.4% in the 3rd quarter. Verus Financial Partners Inc. now owns 223,343 shares of the company’s stock worth $45,691,000 after buying an additional 822 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in Vanguard Mega Cap ETF by 98.4% in the 3rd quarter. Captrust Financial Advisors now owns 197,628 shares of the company’s stock worth $40,838,000 after buying an additional 97,999 shares in the last quarter.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA MGC opened at $215.44 on Thursday. The stock has a fifty day moving average price of $217.09 and a two-hundred day moving average price of $211.17. The firm has a market cap of $6.62 billion, a P/E ratio of 27.81 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.

About Vanguard Mega Cap ETF

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.