Vanguard Mega Cap Growth ETF $MGK Shares Sold by Avestar Capital LLC

Avestar Capital LLC lessened its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 45.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,420 shares of the company’s stock after selling 2,904 shares during the quarter. Avestar Capital LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $1,253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of Vanguard Mega Cap Growth ETF by 2.9% in the 2nd quarter. Assetmark Inc. now owns 7,944,594 shares of the company’s stock worth $2,909,072,000 after buying an additional 227,615 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in Vanguard Mega Cap Growth ETF by 6.0% during the second quarter. Cassaday & Co Wealth Management LLC now owns 3,737,341 shares of the company’s stock worth $1,368,502,000 after acquiring an additional 211,907 shares during the period. Ameriprise Financial Inc. raised its position in Vanguard Mega Cap Growth ETF by 12.7% in the first quarter. Ameriprise Financial Inc. now owns 805,119 shares of the company’s stock worth $248,910,000 after acquiring an additional 90,984 shares in the last quarter. Angeles Wealth Management LLC raised its position in Vanguard Mega Cap Growth ETF by 7.7% in the second quarter. Angeles Wealth Management LLC now owns 575,440 shares of the company’s stock worth $210,709,000 after acquiring an additional 40,990 shares in the last quarter. Finally, Angeles Investment Advisors LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 59.2% in the 2nd quarter. Angeles Investment Advisors LLC now owns 459,590 shares of the company’s stock valued at $168,288,000 after acquiring an additional 170,950 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.5%

NYSEARCA:MGK opened at $417.66 on Friday. The company has a 50-day moving average of $409.38 and a 200-day moving average of $385.63. The firm has a market cap of $32.37 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a twelve month low of $262.65 and a twelve month high of $426.80.

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.