MAI Capital Management Reduces Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

MAI Capital Management lowered its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,502 shares of the company’s stock after selling 657 shares during the quarter. MAI Capital Management’s holdings in Vanguard Mega Cap Growth ETF were worth $3,703,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MGK. Gateway Wealth Partners LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 0.9% during the 3rd quarter. Gateway Wealth Partners LLC now owns 3,361 shares of the company’s stock valued at $1,082,000 after acquiring an additional 31 shares during the period. CGN Advisors LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 5.4% during the second quarter. CGN Advisors LLC now owns 796 shares of the company’s stock valued at $250,000 after purchasing an additional 41 shares during the period. Csenge Advisory Group grew its holdings in shares of Vanguard Mega Cap Growth ETF by 0.9% in the second quarter. Csenge Advisory Group now owns 4,574 shares of the company’s stock worth $1,437,000 after purchasing an additional 42 shares during the last quarter. Strategic Blueprint LLC increased its stake in Vanguard Mega Cap Growth ETF by 2.2% in the 3rd quarter. Strategic Blueprint LLC now owns 1,933 shares of the company’s stock worth $622,000 after buying an additional 42 shares during the period. Finally, First Financial Bankshares Inc lifted its holdings in Vanguard Mega Cap Growth ETF by 6.0% during the 3rd quarter. First Financial Bankshares Inc now owns 778 shares of the company’s stock valued at $250,000 after buying an additional 44 shares in the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK stock opened at $335.88 on Wednesday. The company has a market capitalization of $22.23 billion, a P/E ratio of 42.92 and a beta of 1.28. The company’s 50-day simple moving average is $325.16 and its two-hundred day simple moving average is $312.79. Vanguard Mega Cap Growth ETF has a one year low of $246.18 and a one year high of $342.22.

Vanguard Mega Cap Growth ETF 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.