Marino Stram & Associates LLC Makes New Investment in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Marino Stram & Associates LLC purchased a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,301 shares of the company’s stock, valued at approximately $220,000.

Other large investors also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC raised its stake in shares of Vanguard Mega Cap ETF by 105,300.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 37,762,915 shares of the company’s stock valued at $4,999,810,000 after acquiring an additional 37,727,087 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Vanguard Mega Cap ETF by 1.8% in the third quarter. PNC Financial Services Group Inc. now owns 427,324 shares of the company’s stock valued at $64,898,000 after acquiring an additional 7,443 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Vanguard Mega Cap ETF by 9.5% in the third quarter. Ameriprise Financial Inc. now owns 419,314 shares of the company’s stock valued at $63,729,000 after acquiring an additional 36,284 shares in the last quarter. New York Life Investment Management LLC raised its stake in shares of Vanguard Mega Cap ETF by 1.6% in the third quarter. New York Life Investment Management LLC now owns 413,969 shares of the company’s stock valued at $62,869,000 after acquiring an additional 6,320 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its stake in shares of Vanguard Mega Cap ETF by 0.5% in the fourth quarter. Leavell Investment Management Inc. now owns 399,255 shares of the company’s stock valued at $67,586,000 after acquiring an additional 2,050 shares in the last quarter.

Vanguard Mega Cap ETF Trading Down 0.1 %

Shares of NYSEARCA MGC opened at $180.67 on Wednesday. The stock has a market cap of $5.21 billion, a P/E ratio of 27.80 and a beta of 1.01. The business’s fifty day simple moving average is $183.14 and its 200-day simple moving average is $170.05. Vanguard Mega Cap ETF has a 12-month low of $141.58 and a 12-month high of $187.68.

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.