Beacon Capital Management LLC Reduces Position in Vanguard Mega Cap Growth ETF $MGK

Beacon Capital Management LLC cut its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 5.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,376 shares of the company’s stock after selling 9,458 shares during the period. Vanguard Mega Cap Growth ETF comprises 9.5% of Beacon Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Beacon Capital Management LLC owned 0.21% of Vanguard Mega Cap Growth ETF worth $66,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthcare Advisory Partners LLC lifted its stake in Vanguard Mega Cap Growth ETF by 3.7% in the third quarter. Wealthcare Advisory Partners LLC now owns 7,033 shares of the company’s stock worth $2,830,000 after acquiring an additional 252 shares during the period. Merit Financial Group LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 50.6% in the 3rd quarter. Merit Financial Group LLC now owns 538,959 shares of the company’s stock valued at $216,888,000 after purchasing an additional 181,132 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF by 31.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,798 shares of the company’s stock worth $8,772,000 after purchasing an additional 5,221 shares during the period. Capital Planning Advisors LLC bought a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter valued at approximately $217,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Vanguard Mega Cap Growth ETF by 20.4% during the third quarter. JPMorgan Chase & Co. now owns 100,293 shares of the company’s stock valued at $40,360,000 after purchasing an additional 16,971 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 0.6%

Shares of NYSEARCA:MGK opened at $384.69 on Tuesday. The firm has a 50 day moving average of $407.41 and a 200 day moving average of $402.75. The company has a market capitalization of $30.18 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.

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.