Vanguard Mega Cap Growth ETF $MGK Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC lowered its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,608 shares of the company’s stock after selling 1,800 shares during the period. Beacon Pointe Advisors LLC owned 0.11% of Vanguard Mega Cap Growth ETF worth $29,516,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the second quarter worth about $27,000. Harbor Asset Planning Inc. acquired a new stake in Vanguard Mega Cap Growth ETF during the second quarter worth approximately $28,000. Atlantic Union Bankshares Corp purchased a new stake in Vanguard Mega Cap Growth ETF in the 2nd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC acquired a new position in Vanguard Mega Cap Growth ETF in the 1st quarter valued at $32,000. Finally, Signaturefd LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF by 833.3% during the 2nd quarter. Signaturefd LLC now owns 140 shares of the company’s stock worth $51,000 after purchasing an additional 125 shares during the period.

Vanguard Mega Cap Growth ETF Stock Down 0.3%

MGK stock opened at $413.17 on Tuesday. The stock has a market capitalization of $32.02 billion, a price-to-earnings 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 stock’s fifty day simple moving average is $408.06 and its 200-day simple moving average is $383.94.

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.