Financial Synergies Wealth Advisors Inc. Cuts Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Financial Synergies Wealth Advisors Inc. reduced its holdings in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,116 shares of the company’s stock after selling 408 shares during the quarter. Financial Synergies Wealth Advisors Inc.’s holdings in Vanguard Mega Cap ETF were worth $450,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Foundations Investment Advisors LLC boosted its position in Vanguard Mega Cap ETF by 65.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,241 shares of the company’s stock valued at $463,000 after buying an additional 888 shares during the last quarter. Stifel Financial Corp grew its position in shares of Vanguard Mega Cap ETF by 2.9% during the third quarter. Stifel Financial Corp now owns 7,668 shares of the company’s stock worth $1,585,000 after buying an additional 217 shares in the last quarter. FMR LLC increased its stake in shares of Vanguard Mega Cap ETF by 3.5% in the third quarter. FMR LLC now owns 22,727 shares of the company’s stock worth $4,696,000 after buying an additional 764 shares during the last quarter. Verus Financial Partners Inc. boosted its stake in Vanguard Mega Cap ETF by 0.4% during the 3rd quarter. Verus Financial Partners Inc. now owns 223,343 shares of the company’s stock valued at $45,691,000 after acquiring an additional 822 shares during the last quarter. Finally, Creative Planning increased its position in shares of Vanguard Mega Cap ETF by 0.6% in the 3rd quarter. Creative Planning now owns 63,033 shares of the company’s stock worth $13,025,000 after purchasing an additional 387 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

NYSEARCA:MGC opened at $220.11 on Friday. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 26.93 and a beta of 1.02. The stock has a 50-day simple moving average of $216.63 and a 200 day simple moving average of $208.45. Vanguard Mega Cap ETF has a one year low of $176.49 and a one year high of $221.53.

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.