Bank of New York Mellon Corp Sells 330 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Bank of New York Mellon Corp lowered its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,694 shares of the company’s stock after selling 330 shares during the quarter. Bank of New York Mellon Corp’s holdings in Vanguard Mega Cap Growth ETF were worth $11,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 139.5% during the 4th quarter. Brighton Jones LLC now owns 1,509 shares of the company’s stock valued at $518,000 after acquiring an additional 879 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Vanguard Mega Cap Growth ETF by 71.0% in the fourth quarter. Corient Private Wealth LLC now owns 7,541 shares of the company’s stock valued at $2,590,000 after buying an additional 3,130 shares during the period. LPL Financial LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 14.5% during the fourth quarter. LPL Financial LLC now owns 1,080,875 shares of the company’s stock worth $371,183,000 after buying an additional 136,586 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter worth about $299,000. Finally, Hershey Financial Advisers LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $1,834,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA:MGK opened at $374.60 on Monday. The firm’s 50 day simple moving average is $354.94 and its 200 day simple moving average is $336.42. Vanguard Mega Cap Growth ETF has a fifty-two week low of $262.65 and a fifty-two week high of $376.26. The company has a market capitalization of $28.00 billion, a price-to-earnings ratio of 37.33 and a beta of 1.11.

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.