Avestar Capital LLC Has $942,000 Holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Avestar Capital LLC lifted its stake in shares of Vanguard Mega Cap ETF (NYSEARCA:MGC) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,429 shares of the company’s stock after purchasing an additional 198 shares during the period. Avestar Capital LLC’s holdings in Vanguard Mega Cap ETF were worth $942,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Leavell Investment Management Inc. boosted its stake in shares of Vanguard Mega Cap ETF by 3.3% in the 4th quarter. Leavell Investment Management Inc. now owns 470,036 shares of the company’s stock valued at $99,958,000 after purchasing an additional 15,008 shares during the last quarter. Summit Wealth & Retirement Planning Inc. increased its stake in shares of Vanguard Mega Cap ETF by 20.8% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 223,935 shares of the company’s stock valued at $47,622,000 after acquiring an additional 38,563 shares during the last quarter. Verus Financial Partners Inc. increased its stake in shares of Vanguard Mega Cap ETF by 0.4% in 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. Captrust Financial Advisors raised its position in shares of Vanguard Mega Cap ETF by 98.4% in the 3rd quarter. Captrust Financial Advisors now owns 197,628 shares of the company’s stock valued at $40,838,000 after acquiring an additional 97,999 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its stake in Vanguard Mega Cap ETF by 101.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 196,948 shares of the company’s stock worth $40,698,000 after acquiring an additional 98,974 shares during the last quarter.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA MGC opened at $221.70 on Friday. The firm has a 50 day moving average price of $216.85 and a 200 day moving average price of $209.22. The stock has a market cap of $6.39 billion, a P/E ratio of 26.93 and a beta of 1.02. Vanguard Mega Cap ETF has a 52-week low of $176.66 and a 52-week high of $221.71.

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.