Smith Moore & CO. Lowers Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Smith Moore & CO. lessened its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,093 shares of the company’s stock after selling 250 shares during the quarter. Smith Moore & CO.’s holdings in Vanguard Mega Cap Growth ETF were worth $719,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in Vanguard Mega Cap Growth ETF by 12.7% in the 3rd quarter. FMR LLC now owns 23,961 shares of the company’s stock worth $7,714,000 after buying an additional 2,704 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 33.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,043 shares of the company’s stock worth $2,268,000 after acquiring an additional 1,762 shares during the period. Resurgent Financial Advisors LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 14.4% in the third quarter. Resurgent Financial Advisors LLC now owns 733 shares of the company’s stock worth $236,000 after acquiring an additional 92 shares during the last quarter. Stifel Financial Corp grew its holdings in Vanguard Mega Cap Growth ETF by 8.5% in the third quarter. Stifel Financial Corp now owns 193,618 shares of the company’s stock valued at $62,340,000 after purchasing an additional 15,201 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its position in Vanguard Mega Cap Growth ETF by 2.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 2,695 shares of the company’s stock worth $868,000 after purchasing an additional 75 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 6.0 %

Shares of MGK opened at $277.82 on Friday. Vanguard Mega Cap Growth ETF has a fifty-two week low of $266.99 and a fifty-two week high of $358.64. The company’s fifty day moving average is $332.04 and its two-hundred day moving average is $335.13. The firm has a market cap of $20.25 billion, a PE ratio of 35.83 and a beta of 1.15.

Vanguard Mega Cap Growth ETF Increases Dividend

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

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.