Insigneo Advisory Services LLC Cuts Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Insigneo Advisory Services LLC decreased its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 35.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,014 shares of the company’s stock after selling 2,787 shares during the period. Insigneo Advisory Services LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $1,722,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $27,000. 1620 Investment Advisors Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth approximately $30,000. Mainstream Capital Management LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $31,000. Copley Financial Group Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the 3rd quarter valued at $33,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter valued at $40,000.

Vanguard Mega Cap Growth ETF Stock Up 0.1 %

NYSEARCA MGK opened at $302.19 on Wednesday. The company has a 50-day simple moving average of $321.99 and a two-hundred day simple moving average of $333.50. Vanguard Mega Cap Growth ETF has a 12-month low of $262.65 and a 12-month high of $358.64. The firm has a market cap of $21.97 billion, a price-to-earnings ratio of 32.92 and a beta of 1.20.

Vanguard Mega Cap Growth ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.3397 per share. The ex-dividend date was Thursday, March 27th. This is a boost 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.