Fifth Third Bancorp Cuts Stock Holdings in Vanguard Mega Cap Growth ETF $MGK

Fifth Third Bancorp reduced its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 6.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 452 shares of the company’s stock after selling 30 shares during the period. Fifth Third Bancorp’s holdings in Vanguard Mega Cap Growth ETF were worth $166,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new position in Vanguard Mega Cap Growth ETF during the first quarter worth about $32,000. Safe Harbor Fiduciary LLC acquired a new position in Vanguard Mega Cap Growth ETF during the first quarter worth about $32,000. Valued Wealth Advisors LLC acquired a new position in Vanguard Mega Cap Growth ETF during the first quarter worth about $42,000. Garde Capital Inc. acquired a new position in Vanguard Mega Cap Growth ETF during the first quarter worth about $49,000. Finally, Richards Merrill & Peterson Inc. grew its position in Vanguard Mega Cap Growth ETF by 37.0% during the first quarter. Richards Merrill & Peterson Inc. now owns 185 shares of the company’s stock worth $57,000 after buying an additional 50 shares during the period.

Vanguard Mega Cap Growth ETF Trading Up 0.5%

Shares of MGK opened at $404.53 on Thursday. The firm’s 50-day moving average is $388.39 and its two-hundred day moving average is $352.98. Vanguard Mega Cap Growth ETF has a twelve month low of $262.65 and a twelve month high of $405.86. The firm has a market capitalization of $30.01 billion, a P/E ratio of 37.33 and a beta of 1.11.

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.