MAI Capital Management Trims Stock Position in Vanguard Mega Cap Growth ETF $MGK

MAI Capital Management lessened its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 11.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,721 shares of the company’s stock after selling 1,164 shares during the period. MAI Capital Management’s holdings in Vanguard Mega Cap Growth ETF were worth $3,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dogwood Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF in the 2nd quarter valued at $27,000. Harbor Asset Planning Inc. purchased a new position in Vanguard Mega Cap Growth ETF during the 2nd quarter worth $28,000. Atlantic Union Bankshares Corp acquired a new position in Vanguard Mega Cap Growth ETF in the second quarter valued at $30,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the first quarter valued at about $32,000. Finally, Signaturefd LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 833.3% in the second quarter. Signaturefd LLC now owns 140 shares of the company’s stock valued at $51,000 after buying an additional 125 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Up 0.6%

NYSEARCA MGK opened at $397.21 on Friday. The firm has a market cap of $30.79 billion, a P/E ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a 52-week low of $262.65 and a 52-week high of $426.80. The business’s 50-day moving average price is $406.63 and its 200 day moving average price is $380.34.

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.