LPL Financial LLC Has $91.33 Million Stock Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

LPL Financial LLC boosted its stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 13.5% in the fourth quarter, Holdings Channel reports. The firm owned 429,445 shares of the company’s stock after purchasing an additional 51,072 shares during the quarter. LPL Financial LLC’s holdings in Vanguard Mega Cap ETF were worth $91,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Vanguard Mega Cap ETF in the fourth quarter valued at approximately $29,000. Decker Retirement Planning Inc. acquired a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Vanguard Mega Cap ETF during the fourth quarter worth approximately $31,000. Key Financial Inc bought a new position in shares of Vanguard Mega Cap ETF in the 4th quarter worth $40,000. Finally, Tsfg LLC acquired a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at $42,000.

Vanguard Mega Cap ETF Price Performance

NYSEARCA:MGC opened at $208.80 on Wednesday. Vanguard Mega Cap ETF has a one year low of $176.66 and a one year high of $222.75. The company has a market cap of $6.43 billion, a PE ratio of 26.29 and a beta of 1.01. The firm has a 50-day moving average of $214.04 and a 200-day moving average of $212.02.

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.