Institute for Wealth Management LLC. Sells 794 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Institute for Wealth Management LLC. trimmed its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 42.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,081 shares of the company’s stock after selling 794 shares during the period. Institute for Wealth Management LLC.’s holdings in Vanguard Mega Cap ETF were worth $213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Voisard Asset Management Group Inc. bought a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter valued at $30,000. PFG Private Wealth Management LLC bought a new stake in Vanguard Mega Cap ETF in the 2nd quarter valued at $31,000. Future Financial Wealth Managment LLC bought a new stake in Vanguard Mega Cap ETF in the 1st quarter valued at $37,000. Acima Private Wealth LLC bought a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at $40,000. Finally, Principal Securities Inc. bought a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at $55,000.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA MGC opened at $202.63 on Monday. The company has a market cap of $5.84 billion, a P/E ratio of 26.93 and a beta of 1.02. The firm’s fifty day moving average is $197.99 and its two-hundred day moving average is $189.59. Vanguard Mega Cap ETF has a 52-week low of $145.94 and a 52-week high of $204.72.

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.