Orion Portfolio Solutions LLC Sells 14,124 Shares of Vanguard Mega Cap ETF (NYSEARCA:MGC)

Orion Portfolio Solutions LLC lessened its position in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 8.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 158,428 shares of the company’s stock after selling 14,124 shares during the period. Orion Portfolio Solutions LLC’s holdings in Vanguard Mega Cap ETF were worth $33,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Blair William & Co. IL grew its position in shares of Vanguard Mega Cap ETF by 3.6% during the 4th quarter. Blair William & Co. IL now owns 2,330 shares of the company’s stock valued at $495,000 after acquiring an additional 82 shares during the period. Bay Capital Advisors LLC bought a new position in shares of Vanguard Mega Cap ETF in the 4th quarter valued at about $558,000. Signature Estate & Investment Advisors LLC increased its stake in Vanguard Mega Cap ETF by 9.5% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 2,121 shares of the company’s stock worth $451,000 after purchasing an additional 184 shares during the period. Prospect Financial Group LLC bought a new position in Vanguard Mega Cap ETF in the 4th quarter worth about $801,000. Finally, LPL Financial LLC increased its position in shares of Vanguard Mega Cap ETF by 13.5% during the fourth quarter. LPL Financial LLC now owns 429,445 shares of the company’s stock worth $91,326,000 after acquiring an additional 51,072 shares during the period.

Vanguard Mega Cap ETF Stock Performance

Shares of Vanguard Mega Cap ETF stock opened at $204.68 on Friday. The company has a market capitalization of $6.30 billion, a PE ratio of 26.29 and a beta of 1.01. The company has a 50-day simple moving average of $213.64 and a two-hundred day simple moving average of $212.02. Vanguard Mega Cap ETF has a one year low of $176.66 and a one year high of $222.75.

Vanguard Mega Cap ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a $0.5985 dividend. The ex-dividend date is Thursday, March 27th.

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.