Concurrent Investment Advisors LLC Acquires 2,683 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Concurrent Investment Advisors LLC lifted its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 92.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,573 shares of the company’s stock after purchasing an additional 2,683 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $1,185,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Key Financial Inc acquired a new position in shares of Vanguard Mega Cap ETF in the fourth quarter valued at about $40,000. Kestra Investment Management LLC grew its stake in shares of Vanguard Mega Cap ETF by 16.3% in the fourth quarter. Kestra Investment Management LLC now owns 29,948 shares of the company’s stock valued at $6,369,000 after acquiring an additional 4,189 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Vanguard Mega Cap ETF by 10.7% in the fourth quarter. D.A. Davidson & CO. now owns 3,697 shares of the company’s stock valued at $786,000 after acquiring an additional 358 shares in the last quarter. Truist Financial Corp grew its stake in shares of Vanguard Mega Cap ETF by 5.0% in the fourth quarter. Truist Financial Corp now owns 228,744 shares of the company’s stock valued at $48,645,000 after acquiring an additional 10,881 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in Vanguard Mega Cap ETF by 3.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 4,652 shares of the company’s stock worth $989,000 after purchasing an additional 173 shares during the period.

Vanguard Mega Cap ETF Stock Down 1.8 %

MGC opened at $217.85 on Friday. Vanguard Mega Cap ETF has a twelve month low of $176.66 and a twelve month high of $222.75. The company has a 50-day simple moving average of $217.19 and a 200 day simple moving average of $210.62. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02.

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.