13,700 Shares in Vanguard Mega Cap ETF (NYSEARCA:MGC) Bought by Veridan Wealth LLC

Veridan Wealth LLC acquired a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,700 shares of the company’s stock, valued at approximately $2,970,000. Vanguard Mega Cap ETF makes up about 1.4% of Veridan Wealth LLC’s portfolio, making the stock its 25th largest position.

Several other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at $29,000. Decker Retirement Planning Inc. acquired a new position in Vanguard Mega Cap ETF in the fourth quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of Vanguard Mega Cap ETF in the third quarter valued at about $33,000. Key Financial Inc acquired a new stake in shares of Vanguard Mega Cap ETF during the fourth quarter worth about $40,000. Finally, Tsfg LLC purchased a new position in shares of Vanguard Mega Cap ETF during the fourth quarter worth about $42,000.

Vanguard Mega Cap ETF Stock Down 1.7 %

Shares of MGC stock opened at $211.69 on Friday. The stock’s 50-day moving average price is $217.09 and its 200 day moving average price is $211.17. The stock has a market capitalization of $6.51 billion, a PE ratio of 27.81 and a beta of 1.01. Vanguard Mega Cap ETF has a 52-week low of $176.66 and a 52-week high of $222.75.

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.