Michael A. Dubis Financial Planning LLC Buys Shares of 7,785 Vanguard Mega Cap ETF (NYSEARCA:MGC)

Michael A. Dubis Financial Planning LLC purchased a new position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,785 shares of the company’s stock, valued at approximately $1,656,000. Vanguard Mega Cap ETF comprises about 1.6% of Michael A. Dubis Financial Planning LLC’s portfolio, making the stock its 11th biggest position.

Other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp grew its position in Vanguard Mega Cap ETF by 2.9% in the third quarter. Stifel Financial Corp now owns 7,668 shares of the company’s stock valued at $1,585,000 after purchasing an additional 217 shares in the last quarter. FMR LLC grew its holdings in shares of Vanguard Mega Cap ETF by 3.5% in the 3rd quarter. FMR LLC now owns 22,727 shares of the company’s stock valued at $4,696,000 after acquiring an additional 764 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Vanguard Mega Cap ETF in the 4th quarter valued at about $31,000. Bleakley Financial Group LLC bought a new stake in Vanguard Mega Cap ETF during the fourth quarter worth about $209,000. Finally, Zega Financial LLC boosted its position in Vanguard Mega Cap ETF by 5.6% during the third quarter. Zega Financial LLC now owns 1,290 shares of the company’s stock valued at $267,000 after purchasing an additional 68 shares during the last quarter.

Vanguard Mega Cap ETF Stock Down 2.1 %

NYSEARCA:MGC opened at $200.30 on Friday. Vanguard Mega Cap ETF has a twelve month low of $176.66 and a twelve month high of $222.75. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 26.29 and a beta of 1.01. The stock’s 50 day moving average price is $213.31 and its two-hundred day moving average price is $212.05.

Vanguard Mega Cap ETF Cuts Dividend

The company 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.

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.