Valley National Advisers Inc. Cuts Position in Vanguard Mega Cap ETF (NYSEARCA:MGC)

Valley National Advisers Inc. lessened its holdings in Vanguard Mega Cap ETF (NYSEARCA:MGC) by 36.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 492 shares of the company’s stock after selling 280 shares during the period. Valley National Advisers Inc.’s holdings in Vanguard Mega Cap ETF were worth $48,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MGC. Bank of America Corp DE grew its position in shares of Vanguard Mega Cap ETF by 14.4% during the fourth quarter. Bank of America Corp DE now owns 974,823 shares of the company’s stock valued at $84,693,000 after purchasing an additional 122,560 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Vanguard Mega Cap ETF by 584.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 133,332 shares of the company’s stock valued at $11,584,000 after purchasing an additional 113,844 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Vanguard Mega Cap ETF during the fourth quarter valued at about $8,688,000. BB&T Corp grew its position in shares of Vanguard Mega Cap ETF by 107.2% during the first quarter. BB&T Corp now owns 98,876 shares of the company’s stock valued at $9,660,000 after purchasing an additional 51,155 shares in the last quarter. Finally, NEXT Financial Group Inc grew its position in shares of Vanguard Mega Cap ETF by 763.5% during the fourth quarter. NEXT Financial Group Inc now owns 42,353 shares of the company’s stock valued at $3,680,000 after purchasing an additional 37,448 shares in the last quarter.

Shares of NYSEARCA:MGC traded down $0.31 during trading on Wednesday, reaching $98.80. The company’s stock had a trading volume of 65,132 shares, compared to its average volume of 78,053. Vanguard Mega Cap ETF has a 12 month low of $81.19 and a 12 month high of $102.03.

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

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