Focus Financial Network Inc. Sells 88 Shares of Vanguard Mega Cap Growth ETF $MGK

Focus Financial Network Inc. trimmed its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,903 shares of the company’s stock after selling 88 shares during the quarter. Focus Financial Network Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF during the 1st quarter worth approximately $217,000. Brown Advisory Inc. grew its stake in shares of Vanguard Mega Cap Growth ETF by 7.3% during the 1st quarter. Brown Advisory Inc. now owns 4,601 shares of the company’s stock worth $1,421,000 after purchasing an additional 315 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the 1st quarter worth approximately $464,000. Park Avenue Securities LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 23.0% during the 1st quarter. Park Avenue Securities LLC now owns 1,826 shares of the company’s stock worth $564,000 after purchasing an additional 341 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 0.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 184,669 shares of the company’s stock worth $57,041,000 after purchasing an additional 969 shares during the period.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA MGK opened at $402.39 on Friday. The stock has a market capitalization of $29.85 billion, a price-to-earnings ratio of 37.33 and a beta of 1.11. Vanguard Mega Cap Growth ETF has a 12 month low of $262.65 and a 12 month high of $402.51. The firm’s 50 day simple moving average is $383.97 and its 200-day simple moving average is $348.44.

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.