Assetmark Inc. Grows Stock Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Assetmark Inc. increased its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 1,097.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,125 shares of the company’s stock after buying an additional 2,864 shares during the quarter. Assetmark Inc.’s holdings in Vanguard Mega Cap ETF were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter valued at $29,000. Decker Retirement Planning Inc. purchased a new stake in Vanguard Mega Cap ETF in the 4th quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in Vanguard Mega Cap ETF during the fourth quarter valued at about $31,000. Ashton Thomas Securities LLC purchased a new position in shares of Vanguard Mega Cap ETF in the third quarter valued at about $33,000. Finally, Key Financial Inc bought a new position in shares of Vanguard Mega Cap ETF in the fourth quarter worth about $40,000.

Vanguard Mega Cap ETF Stock Performance

MGC opened at $202.06 on Thursday. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 27.81 and a beta of 1.01. Vanguard Mega Cap ETF has a fifty-two week low of $176.66 and a fifty-two week high of $222.75. The company has a fifty day moving average of $215.77 and a 200 day moving average of $211.84.

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.