Royal Bank of Canada Boosts Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Royal Bank of Canada boosted its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 432,793 shares of the company’s stock after acquiring an additional 26,268 shares during the quarter. Royal Bank of Canada’s holdings in Vanguard Mega Cap Growth ETF were worth $148,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital & Planning LLC raised its stake in shares of Vanguard Mega Cap Growth ETF by 1.3% in the fourth quarter. Capital & Planning LLC now owns 36,032 shares of the company’s stock valued at $12,374,000 after acquiring an additional 465 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Vanguard Mega Cap Growth ETF during the 4th quarter worth about $65,000. CGN Advisors LLC raised its position in Vanguard Mega Cap Growth ETF by 11.3% in the 4th quarter. CGN Advisors LLC now owns 973 shares of the company’s stock valued at $334,000 after purchasing an additional 99 shares in the last quarter. Ameritas Advisory Services LLC raised its position in Vanguard Mega Cap Growth ETF by 131.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 37,676 shares of the company’s stock valued at $12,938,000 after purchasing an additional 21,417 shares in the last quarter. Finally, Kera Capital Partners Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $828,000.

Vanguard Mega Cap Growth ETF Stock Performance

MGK stock opened at $346.70 on Monday. The company’s 50 day moving average price is $310.87 and its 200 day moving average price is $332.36. The firm has a market capitalization of $25.39 billion, a price-to-earnings ratio of 36.41 and a beta of 1.20. Vanguard Mega Cap Growth ETF has a fifty-two week low of $262.65 and a fifty-two week high of $358.64.

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.