Prudent Man Investment Management Inc. Makes New $364,000 Investment in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Prudent Man Investment Management Inc. bought a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,060 shares of the company’s stock, valued at approximately $364,000. Vanguard Mega Cap Growth ETF accounts for 0.2% of Prudent Man Investment Management Inc.’s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds have also recently modified their holdings of MGK. Hazlett Burt & Watson Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 5.4% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,369 shares of the company’s stock worth $471,000 after purchasing an additional 70 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Vanguard Mega Cap Growth ETF by 58.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,415 shares of the company’s stock worth $486,000 after acquiring an additional 523 shares during the period. Physician Wealth Advisors Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter valued at $71,000. CIBC Private Wealth Group LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 18.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 9,510 shares of the company’s stock valued at $3,287,000 after acquiring an additional 1,512 shares in the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth $3,892,000.

Vanguard Mega Cap Growth ETF Price Performance

NYSEARCA MGK opened at $308.50 on Monday. The business has a 50 day simple moving average of $337.07 and a two-hundred day simple moving average of $335.87. Vanguard Mega Cap Growth ETF has a 1-year low of $266.99 and a 1-year high of $358.64. The stock has a market capitalization of $22.49 billion, a PE ratio of 35.83 and a beta of 1.15.

Vanguard Mega Cap Growth ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.3397 per share. The ex-dividend date is Thursday, March 27th. This is an increase from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31.

Vanguard Mega Cap Growth ETF Company Profile

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.