Wealth Enhancement Advisory Services LLC Trims Holdings in Vanguard Mega Cap Growth ETF $MGK

Wealth Enhancement Advisory Services LLC decreased its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 9.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 167,333 shares of the company’s stock after selling 17,336 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.22% of Vanguard Mega Cap Growth ETF worth $61,756,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in Vanguard Mega Cap Growth ETF by 3.5% during the first quarter. Assetmark Inc. now owns 7,716,979 shares of the company’s stock worth $2,383,620,000 after buying an additional 258,515 shares in the last quarter. Ameriprise Financial Inc. raised its position in Vanguard Mega Cap Growth ETF by 12.7% in the first quarter. Ameriprise Financial Inc. now owns 805,119 shares of the company’s stock valued at $248,910,000 after purchasing an additional 90,984 shares during the period. Angeles Wealth Management LLC raised its position in Vanguard Mega Cap Growth ETF by 3.0% in the first quarter. Angeles Wealth Management LLC now owns 534,450 shares of the company’s stock valued at $165,081,000 after purchasing an additional 15,775 shares during the period. Cerity Partners LLC raised its position in Vanguard Mega Cap Growth ETF by 5.9% in the first quarter. Cerity Partners LLC now owns 417,948 shares of the company’s stock valued at $129,096,000 after purchasing an additional 23,377 shares during the period. Finally, Comerica Bank raised its position in Vanguard Mega Cap Growth ETF by 4.7% in the first quarter. Comerica Bank now owns 392,539 shares of the company’s stock valued at $121,248,000 after purchasing an additional 17,466 shares during the period.

Vanguard Mega Cap Growth ETF Stock Up 0.5%

NYSEARCA:MGK opened at $398.10 on Friday. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $400.26. The stock’s fifty day moving average is $383.31 and its two-hundred day moving average is $347.82. The company has a market capitalization of $29.54 billion, a P/E ratio of 37.33 and a beta of 1.11.

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.