Salem Investment Counselors Inc. Cuts Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Salem Investment Counselors Inc. trimmed its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,204 shares of the company’s stock after selling 39 shares during the quarter. Salem Investment Counselors Inc. owned approximately 0.09% of Vanguard Mega Cap Growth ETF worth $19,644,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MGK. Assetmark Inc. grew its holdings in shares of Vanguard Mega Cap Growth ETF by 3.8% during the third quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock valued at $2,399,580,000 after buying an additional 271,905 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 2.1% during the third quarter. Cassaday & Co Wealth Management LLC now owns 3,574,349 shares of the company’s stock valued at $1,150,762,000 after buying an additional 74,966 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Vanguard Mega Cap Growth ETF by 756.3% during the third quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock valued at $513,465,000 after buying an additional 1,408,609 shares during the last quarter. Angeles Investment Advisors LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 105.4% during the second quarter. Angeles Investment Advisors LLC now owns 887,190 shares of the company’s stock valued at $278,764,000 after buying an additional 455,250 shares during the last quarter. Finally, World Investment Advisors LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 36,249.8% during the third quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock valued at $204,331,000 after buying an additional 632,921 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 0.9 %

Shares of MGK traded down $3.02 during trading hours on Monday, reaching $337.24. 220,021 shares of the company traded hands, compared to its average volume of 407,229. The stock has a market capitalization of $22.32 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 12-month low of $257.42 and a 12-month high of $358.61. The business has a fifty day moving average price of $344.05 and a 200-day moving average price of $325.50.

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.