Ridgepath Capital Management LLC Cuts Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Ridgepath Capital Management LLC decreased its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,860 shares of the company’s stock after selling 369 shares during the period. Vanguard Mega Cap Growth ETF makes up approximately 0.5% of Ridgepath Capital Management LLC’s holdings, making the stock its 25th largest holding. Ridgepath Capital Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $982,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Clarity Financial LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 1.6% during the 4th quarter. Clarity Financial LLC now owns 20,221 shares of the company’s stock valued at $6,944,000 after buying an additional 310 shares in the last quarter. SOL Capital Management CO grew its position in Vanguard Mega Cap Growth ETF by 2.2% during the fourth quarter. SOL Capital Management CO now owns 32,984 shares of the company’s stock valued at $11,327,000 after acquiring an additional 697 shares during the last quarter. Synergy Asset Management LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth approximately $76,000. Legacy Trust bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $207,000. Finally, Baring Financial LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $4,302,000.

Vanguard Mega Cap Growth ETF Stock Up 0.1 %

Shares of NYSEARCA:MGK opened at $349.82 on Friday. The stock has a market cap of $23.15 billion, a PE ratio of 42.92 and a beta of 1.28. The company’s fifty day moving average is $347.53 and its 200 day moving average is $327.88. Vanguard Mega Cap Growth ETF has a 52 week low of $265.99 and a 52 week high of $358.61.

Vanguard Mega Cap Growth ETF Company 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.