Foundations Investment Advisors LLC Sells 33,253 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Foundations Investment Advisors LLC cut its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 50.2% in the 1st quarter, HoldingsChannel reports. The fund owned 32,936 shares of the company’s stock after selling 33,253 shares during the period. Foundations Investment Advisors LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $10,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MGK. Redmont Wealth Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF in the first quarter valued at about $32,000. Valued Wealth Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF in the first quarter valued at about $42,000. Garde Capital Inc. purchased a new position in Vanguard Mega Cap Growth ETF in the first quarter valued at about $49,000. Richards Merrill & Peterson Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 37.0% in the first quarter. Richards Merrill & Peterson Inc. now owns 185 shares of the company’s stock valued at $57,000 after acquiring an additional 50 shares during the last quarter. Finally, Arlington Trust Co LLC purchased a new position in Vanguard Mega Cap Growth ETF in the first quarter valued at about $62,000.

Vanguard Mega Cap Growth ETF Stock Up 0.4%

MGK opened at $379.52 on Monday. The stock has a market cap of $28.36 billion, a price-to-earnings ratio of 37.33 and a beta of 1.11. Vanguard Mega Cap Growth ETF has a twelve month low of $262.65 and a twelve month high of $380.40. The company’s 50-day moving average price is $358.26 and its two-hundred day moving average price is $337.45.

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.