Raymond James & Associates Has $23.45 Million Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Raymond James & Associates cut its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 0.9% during the third quarter, Holdings Channel reports. The institutional investor owned 113,498 shares of the company’s stock after selling 1,049 shares during the quarter. Raymond James & Associates’ holdings in Vanguard Mega Cap ETF were worth $23,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PFG Private Wealth Management LLC bought a new position in shares of Vanguard Mega Cap ETF during the 2nd quarter worth about $31,000. Hershey Financial Advisers LLC bought a new position in Vanguard Mega Cap ETF during the second quarter worth about $36,000. Future Financial Wealth Managment LLC acquired a new stake in Vanguard Mega Cap ETF during the first quarter valued at approximately $37,000. International Assets Investment Management LLC acquired a new stake in Vanguard Mega Cap ETF during the second quarter valued at approximately $71,000. Finally, Larson Financial Group LLC lifted its position in shares of Vanguard Mega Cap ETF by 18.3% during the 2nd quarter. Larson Financial Group LLC now owns 421 shares of the company’s stock worth $83,000 after buying an additional 65 shares during the period.

Vanguard Mega Cap ETF Price Performance

Shares of MGC stock opened at $208.92 on Friday. The stock’s fifty day simple moving average is $204.07 and its 200 day simple moving average is $196.00. Vanguard Mega Cap ETF has a one year low of $145.94 and a one year high of $210.83. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02.

Vanguard Mega Cap ETF Company 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.