Hollencrest Capital Management Sells 317 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Hollencrest Capital Management lessened its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 7.3% in the 3rd quarter, Holdings Channel reports. The firm owned 4,000 shares of the company’s stock after selling 317 shares during the period. Hollencrest Capital Management’s holdings in Vanguard Mega Cap Growth ETF were worth $1,288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MGK. Angeles Investment Advisors LLC raised its holdings in Vanguard Mega Cap Growth ETF by 105.4% during the 2nd quarter. Angeles Investment Advisors LLC now owns 887,190 shares of the company’s stock valued at $278,764,000 after buying an additional 455,250 shares during the period. Prime Capital Investment Advisors LLC increased its holdings in shares of Vanguard Mega Cap Growth ETF by 4,572.4% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 295,760 shares of the company’s stock valued at $92,931,000 after acquiring an additional 289,430 shares during the period. Comerica Bank lifted its stake in shares of Vanguard Mega Cap Growth ETF by 325.4% during the 2nd quarter. Comerica Bank now owns 359,241 shares of the company’s stock worth $112,877,000 after purchasing an additional 274,801 shares during the last quarter. Facet Wealth Inc. purchased a new position in Vanguard Mega Cap Growth ETF in the first quarter valued at about $70,804,000. Finally, International Assets Investment Management LLC grew its holdings in Vanguard Mega Cap Growth ETF by 32,115.7% in the third quarter. International Assets Investment Management LLC now owns 129,185 shares of the company’s stock worth $41,591,000 after purchasing an additional 128,784 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.2 %

Shares of MGK stock traded up $0.58 during trading hours on Friday, reaching $339.57. 57,492 shares of the company’s stock were exchanged, compared to its average volume of 339,207. Vanguard Mega Cap Growth ETF has a 1 year low of $237.50 and a 1 year high of $340.00. The stock has a market cap of $22.48 billion, a PE ratio of 42.92 and a beta of 1.28. The stock’s fifty day moving average price is $320.18 and its two-hundred day moving average price is $308.83.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.