Envestnet Portfolio Solutions Inc. cut its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK – Free Report) by 77.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,567 shares of the company’s stock after selling 32,816 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $3,503,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF in the first quarter valued at $217,000. Brown Advisory Inc. grew its position in shares of Vanguard Mega Cap Growth ETF by 7.3% in the first quarter. Brown Advisory Inc. now owns 4,601 shares of the company’s stock valued at $1,421,000 after purchasing an additional 315 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF in the first quarter valued at $464,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Vanguard Mega Cap Growth ETF by 0.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 184,669 shares of the company’s stock valued at $57,041,000 after purchasing an additional 969 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Vanguard Mega Cap Growth ETF by 833.3% in the second quarter. Signaturefd LLC now owns 140 shares of the company’s stock valued at $51,000 after purchasing an additional 125 shares in the last quarter.
Vanguard Mega Cap Growth ETF Stock Performance
Shares of NYSEARCA MGK opened at $401.55 on Thursday. The stock has a market cap of $31.12 billion, a PE ratio of 37.33 and a beta of 1.11. Vanguard Mega Cap Growth ETF has a fifty-two week low of $262.65 and a fifty-two week high of $410.01. The stock has a fifty day moving average of $393.37 and a 200-day moving average of $358.97.
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.
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