Riverchase Wealth Management LLC Takes $679,000 Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Riverchase Wealth Management LLC bought a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,195 shares of the company’s stock, valued at approximately $679,000.

Several other large investors have also recently added to or reduced their stakes in MGC. Golden State Wealth Management LLC purchased a new position in shares of Vanguard Mega Cap ETF in the 4th quarter valued at $29,000. Decker Retirement Planning Inc. purchased a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at $31,000. Key Financial Inc purchased a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth approximately $40,000. Finally, Tsfg LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the fourth quarter valued at $42,000.

Vanguard Mega Cap ETF Stock Down 0.6 %

NYSEARCA:MGC opened at $204.68 on Friday. The firm’s 50 day moving average is $213.64 and its two-hundred day moving average is $212.02. The company has a market cap of $6.30 billion, a P/E ratio of 26.29 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.

Vanguard Mega Cap ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.5985 per share. The ex-dividend date of this dividend is Thursday, March 27th.

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.