Bank of America Corp DE Sells 32,373 Shares of Vanguard Mega Cap Growth ETF $MGK

Bank of America Corp DE lowered its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,921,817 shares of the company’s stock after selling 32,373 shares during the quarter. Bank of America Corp DE owned 2.48% of Vanguard Mega Cap Growth ETF worth $773,378,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC grew its position in Vanguard Mega Cap Growth ETF by 1.3% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 1,936 shares of the company’s stock worth $779,000 after acquiring an additional 25 shares in the last quarter. Latitude Advisors LLC raised its position in Vanguard Mega Cap Growth ETF by 1.5% during the third quarter. Latitude Advisors LLC now owns 1,723 shares of the company’s stock valued at $693,000 after purchasing an additional 25 shares in the last quarter. Cvfg LLC raised its position in Vanguard Mega Cap Growth ETF by 1.8% during the third quarter. Cvfg LLC now owns 1,415 shares of the company’s stock valued at $569,000 after purchasing an additional 25 shares in the last quarter. Horizon Investment Services LLC lifted its stake in Vanguard Mega Cap Growth ETF by 0.3% during the third quarter. Horizon Investment Services LLC now owns 9,923 shares of the company’s stock worth $3,993,000 after purchasing an additional 26 shares during the last quarter. Finally, Kovack Advisors Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 0.5% during the third quarter. Kovack Advisors Inc. now owns 5,617 shares of the company’s stock worth $2,260,000 after purchasing an additional 27 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 1.2%

MGK opened at $383.64 on Tuesday. The stock has a market capitalization of $30.09 billion, a P/E ratio of 37.33 and a beta of 1.18. The stock has a 50-day moving average price of $397.10 and a 200-day moving average price of $403.33. Vanguard Mega Cap Growth ETF has a 12-month low of $262.65 and a 12-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.