MV Capital Management Inc. Cuts Stock Holdings in Vanguard Mega Cap Growth ETF $MGK

MV Capital Management Inc. lowered its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 51.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192 shares of the company’s stock after selling 206 shares during the quarter. MV Capital Management Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $70,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Assetmark Inc. grew its stake in shares of Vanguard Mega Cap Growth ETF by 3.5% in the 1st quarter. Assetmark Inc. now owns 7,716,979 shares of the company’s stock worth $2,383,620,000 after acquiring an additional 258,515 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 6.0% during the second quarter. Cassaday & Co Wealth Management LLC now owns 3,737,341 shares of the company’s stock valued at $1,368,502,000 after purchasing an additional 211,907 shares in the last quarter. Praetorian Wealth Management Inc. boosted its holdings 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. boosted its holdings 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. Finally, Wellington Management Group LLP bought a new stake in Vanguard Mega Cap Growth ETF in the 1st quarter worth about $24,178,000.

Vanguard Mega Cap Growth ETF Stock Performance

NYSEARCA:MGK opened at $407.87 on Friday. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $426.80. The firm has a 50-day moving average price of $405.37 and a two-hundred day moving average price of $376.48. The firm has a market cap of $31.61 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18.

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.