Truist Financial Corp Lowers Stake in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Truist Financial Corp cut its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 318,748 shares of the company’s stock after selling 8,096 shares during the period. Truist Financial Corp’s holdings in Vanguard Mega Cap ETF were worth $62,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFG Private Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 2nd quarter valued at $31,000. Voisard Asset Management Group Inc. bought a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter valued at $30,000. Hershey Financial Advisers LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 2nd quarter valued at $36,000. Future Financial Wealth Managment LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 1st quarter valued at $37,000. Finally, Acima Private Wealth LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter valued at $40,000.

Vanguard Mega Cap ETF Price Performance

Shares of MGC stock opened at $204.58 on Wednesday. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a one year low of $145.94 and a one year high of $206.99. The company’s fifty day moving average price is $199.02 and its 200-day moving average price is $193.36.

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.