Claro Advisors LLC Takes $226,000 Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Claro Advisors LLC bought a new position in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 1,209 shares of the company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Vanguard Mega Cap ETF by 0.7% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,541 shares of the company’s stock worth $1,615,000 after buying an additional 62 shares during the period. Compass Ion Advisors LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 3.6% in the fourth quarter. Compass Ion Advisors LLC now owns 1,812 shares of the company’s stock worth $307,000 after buying an additional 63 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 4.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,595 shares of the company’s stock worth $270,000 after buying an additional 65 shares during the period. LongView Wealth Management boosted its holdings in shares of Vanguard Mega Cap ETF by 1.2% during the first quarter. LongView Wealth Management now owns 6,506 shares of the company’s stock worth $1,216,000 after purchasing an additional 78 shares during the period. Finally, Institute for Wealth Management LLC. boosted its holdings in shares of Vanguard Mega Cap ETF by 4.3% during the fourth quarter. Institute for Wealth Management LLC. now owns 2,043 shares of the company’s stock worth $346,000 after purchasing an additional 84 shares during the period.

Vanguard Mega Cap ETF Stock Performance

MGC stock opened at $198.24 on Tuesday. The stock has a market cap of $5.72 billion, a P/E ratio of 26.93 and a beta of 1.02. The firm has a 50 day simple moving average of $190.17 and a 200 day simple moving average of $182.26. Vanguard Mega Cap ETF has a 52 week low of $145.94 and a 52 week high of $199.70.

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.