NewEdge Advisors LLC Decreases Stake in Vanguard Mega Cap Growth ETF $MGK

NewEdge Advisors LLC cut its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGKFree Report) by 7.3% during the first quarter, HoldingsChannel.com reports. The firm owned 12,336 shares of the company’s stock after selling 969 shares during the period. NewEdge Advisors LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $3,811,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MGK. Safe Harbor Fiduciary LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the 1st quarter worth about $32,000. Redmont Wealth Advisors LLC acquired a new stake in Vanguard Mega Cap Growth ETF in the 1st quarter worth about $32,000. Valued Wealth Advisors LLC purchased a new stake in Vanguard Mega Cap Growth ETF in the first quarter valued at approximately $42,000. Garde Capital Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the 1st quarter worth $49,000. Finally, Richards Merrill & Peterson Inc. increased its stake in Vanguard Mega Cap Growth ETF by 37.0% during the first quarter. Richards Merrill & Peterson Inc. now owns 185 shares of the company’s stock worth $57,000 after acquiring an additional 50 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.3%

Shares of MGK stock opened at $390.61 on Wednesday. The company’s fifty day simple moving average is $379.45 and its 200-day simple moving average is $345.09. The company has a market cap of $28.98 billion, a PE ratio of 37.33 and a beta of 1.11. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $391.23.

Vanguard Mega Cap Growth ETF Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding MGK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Mega Cap Growth ETF (NYSEARCA:MGKFree Report).

Institutional Ownership by Quarter for Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

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