Atlantic Union Bankshares Corp Purchases 4,101 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Atlantic Union Bankshares Corp increased its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,922 shares of the company’s stock after purchasing an additional 4,101 shares during the quarter. Vanguard Mega Cap ETF makes up 1.1% of Atlantic Union Bankshares Corp’s holdings, making the stock its 17th largest position. Atlantic Union Bankshares Corp’s holdings in Vanguard Mega Cap ETF were worth $18,272,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MGC. Rialto Wealth Management LLC bought a new position in Vanguard Mega Cap ETF in the 4th quarter valued at about $45,000. PNC Financial Services Group Inc. raised its holdings in Vanguard Mega Cap ETF by 1.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 410,655 shares of the company’s stock valued at $87,330,000 after acquiring an additional 7,712 shares during the period. Raymond James Financial Inc. bought a new position in Vanguard Mega Cap ETF in the 4th quarter valued at about $65,366,000. Assetmark Inc. raised its holdings in Vanguard Mega Cap ETF by 1,097.3% in the 4th quarter. Assetmark Inc. now owns 3,125 shares of the company’s stock valued at $665,000 after acquiring an additional 2,864 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Vanguard Mega Cap ETF by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,209 shares of the company’s stock worth $1,746,000 after purchasing an additional 237 shares during the period.

Vanguard Mega Cap ETF Trading Up 0.5 %

Shares of MGC opened at $208.23 on Friday. Vanguard Mega Cap ETF has a 12 month low of $176.66 and a 12 month high of $222.75. The firm’s 50 day moving average is $216.40 and its 200-day moving average is $211.66. The stock has a market capitalization of $6.40 billion, a PE ratio of 27.81 and a beta of 1.01.

About Vanguard Mega Cap ETF

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.