FormulaFolio Investments LLC Buys New Stake in Vanguard Mega Cap ETF (NYSEARCA:MGC)

FormulaFolio Investments LLC acquired a new stake in Vanguard Mega Cap ETF (NYSEARCA:MGC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,383 shares of the company’s stock, valued at approximately $718,000.

Several other institutional investors and hedge funds have also made changes to their positions in MGC. Verus Financial Partners Inc. acquired a new stake in shares of Vanguard Mega Cap ETF during the fourth quarter worth about $36,985,000. Monticello Wealth Management LLC acquired a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at about $8,493,000. New York Life Investment Management LLC lifted its position in Vanguard Mega Cap ETF by 55.4% in the fourth quarter. New York Life Investment Management LLC now owns 173,995 shares of the company’s stock valued at $23,220,000 after purchasing an additional 62,006 shares during the period. Strategic Equity Management acquired a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at about $7,654,000. Finally, MJP Associates Inc. ADV acquired a new stake in Vanguard Mega Cap ETF in the fourth quarter valued at about $5,405,000.

Shares of NYSEARCA MGC opened at $144.18 on Thursday. The firm’s 50 day moving average price is $138.61 and its 200 day moving average price is $131.21. Vanguard Mega Cap ETF has a 1 year low of $93.70 and a 1 year high of $144.29.

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Institutional Ownership by Quarter for Vanguard Mega Cap ETF (NYSEARCA:MGC)

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