Parallel Advisors LLC Sells 1,315 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Parallel Advisors LLC reduced its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,770 shares of the company’s stock after selling 1,315 shares during the quarter. Parallel Advisors LLC’s holdings in Vanguard Mega Cap ETF were worth $2,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wealthgarden F.S. LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the second quarter worth $695,000. PFG Advisors bought a new stake in shares of Vanguard Mega Cap ETF during the 2nd quarter valued at $1,102,000. LPL Financial LLC lifted its holdings in Vanguard Mega Cap ETF by 6.0% during the 2nd quarter. LPL Financial LLC now owns 371,148 shares of the company’s stock worth $73,224,000 after purchasing an additional 21,026 shares in the last quarter. VitalStone Financial LLC boosted its stake in Vanguard Mega Cap ETF by 30.1% in the 2nd quarter. VitalStone Financial LLC now owns 2,038 shares of the company’s stock worth $402,000 after purchasing an additional 472 shares during the period. Finally, Liberty Wealth Management LLC purchased a new position in Vanguard Mega Cap ETF during the 2nd quarter valued at about $30,741,000.

Vanguard Mega Cap ETF Trading Up 0.4 %

Shares of Vanguard Mega Cap ETF stock opened at $202.41 on Friday. The company’s 50-day moving average price is $198.36 and its 200-day moving average price is $191.56. Vanguard Mega Cap ETF has a 12-month low of $145.94 and a 12-month high of $204.72. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02.

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.