Breakwater Investment Management Increases Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Breakwater Investment Management lifted its position in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 19.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,934 shares of the company’s stock after purchasing an additional 1,139 shares during the period. Breakwater Investment Management’s holdings in Vanguard Mega Cap ETF were worth $1,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth about $30,000. Ashton Thomas Securities LLC acquired a new position in Vanguard Mega Cap ETF in the third quarter valued at approximately $33,000. Hershey Financial Advisers LLC purchased a new position in Vanguard Mega Cap ETF in the second quarter valued at approximately $36,000. Future Financial Wealth Managment LLC acquired a new stake in Vanguard Mega Cap ETF during the third quarter worth approximately $41,000. Finally, Tsfg LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth approximately $42,000.

Vanguard Mega Cap ETF Trading Up 1.2 %

Shares of Vanguard Mega Cap ETF stock opened at $216.45 on Tuesday. The company has a fifty day simple moving average of $215.42 and a 200-day simple moving average of $207.08. Vanguard Mega Cap ETF has a 12-month low of $169.24 and a 12-month high of $220.49. The stock has a market cap of $6.24 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.