Cetera Investment Advisers Lowers Stock Position in Vanguard Mega Cap Growth ETF $MGK

Cetera Investment Advisers trimmed its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 17.4% during the first quarter, HoldingsChannel.com reports. The fund owned 156,790 shares of the company’s stock after selling 32,939 shares during the period. Cetera Investment Advisers’ holdings in Vanguard Mega Cap Growth ETF were worth $57,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthspire Retirement LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 11.1% in the first quarter. Wealthspire Retirement LLC now owns 41,822 shares of the company’s stock valued at $15,367,000 after buying an additional 4,173 shares during the last quarter. NewEdge Wealth LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 89.9% during the first quarter. NewEdge Wealth LLC now owns 6,584 shares of the company’s stock worth $2,419,000 after buying an additional 3,117 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in Vanguard Mega Cap Growth ETF by 851.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 6,183 shares of the company’s stock valued at $2,272,000 after acquiring an additional 5,533 shares during the period. Marin Bay Wealth Advisors LLC acquired a new position in Vanguard Mega Cap Growth ETF in the 1st quarter valued at about $1,104,000. Finally, PNC Financial Services Group Inc. raised its stake in Vanguard Mega Cap Growth ETF by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 531,713 shares of the company’s stock valued at $195,372,000 after acquiring an additional 14,064 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Down 0.3%

Vanguard Mega Cap Growth ETF stock opened at $84.81 on Friday. Vanguard Mega Cap Growth ETF has a twelve month low of $70.32 and a twelve month high of $92.38. The stock has a 50 day moving average of $87.93 and a two-hundred day moving average of $82.64. The stock has a market capitalization of $31.91 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24.

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.