Envestnet Portfolio Solutions Inc. Trims Stake in Vanguard Mega Cap Growth ETF $MGK

Envestnet Portfolio Solutions Inc. trimmed its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 77.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MGK. Assetmark Inc. lifted its stake 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 purchasing an additional 258,515 shares during the last quarter. Praetorian Wealth Management Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 20,186.0% during the second quarter. Praetorian Wealth Management Inc. now owns 152,145 shares of the company’s stock worth $55,710,000 after purchasing an additional 151,395 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 12.7% during the first quarter. Ameriprise Financial Inc. now owns 805,119 shares of the company’s stock worth $248,910,000 after purchasing an additional 90,984 shares during the last quarter. Wellington Management Group LLP bought a new stake in Vanguard Mega Cap Growth ETF during the first quarter worth about $24,178,000. Finally, Private Advisor Group LLC lifted its stake in Vanguard Mega Cap Growth ETF by 253.4% during the first quarter. Private Advisor Group LLC now owns 25,685 shares of the company’s stock worth $7,934,000 after purchasing an additional 42,433 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Up 0.6%

Shares of MGK stock opened at $401.55 on Thursday. The business has a 50-day moving average price of $393.37 and a two-hundred day moving average price of $358.97. Vanguard Mega Cap Growth ETF has a 12-month low of $262.65 and a 12-month high of $410.01. The firm has a market cap of $31.12 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.