Salem Investment Counselors Inc. Lowers Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Salem Investment Counselors Inc. lowered its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,617 shares of the company’s stock after selling 587 shares during the period. Salem Investment Counselors Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $17,488,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 34,241.0% in the 4th quarter. Proficio Capital Partners LLC now owns 393,204 shares of the company’s stock worth $135,030,000 after acquiring an additional 392,059 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $79,888,000. LPL Financial LLC boosted its holdings in shares of Vanguard Mega Cap Growth ETF by 14.5% in the 4th quarter. LPL Financial LLC now owns 1,080,875 shares of the company’s stock valued at $371,183,000 after buying an additional 136,586 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Vanguard Mega Cap Growth ETF by 23.6% in the 4th quarter. Ameriprise Financial Inc. now owns 714,135 shares of the company’s stock worth $245,284,000 after buying an additional 136,347 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of Vanguard Mega Cap Growth ETF by 47.1% during the 1st quarter. Merit Financial Group LLC now owns 359,838 shares of the company’s stock worth $111,147,000 after acquiring an additional 115,183 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Up 0.3%

Shares of MGK opened at $354.39 on Friday. The company has a 50 day moving average of $324.92 and a two-hundred day moving average of $334.04. Vanguard Mega Cap Growth ETF has a twelve month low of $262.65 and a twelve month high of $358.64. The company has a market cap of $26.35 billion, a price-to-earnings ratio of 36.62 and a beta of 1.20.

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.