Howe & Rusling Inc. Trims Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Howe & Rusling Inc. lessened its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 91.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153 shares of the company’s stock after selling 1,670 shares during the period. Howe & Rusling Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $53,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust bought a new position in Vanguard Mega Cap Growth ETF during the 4th quarter worth approximately $27,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the 4th quarter valued at approximately $30,000. Mainstream Capital Management LLC bought a new position in Vanguard Mega Cap Growth ETF during the fourth quarter worth $31,000. Copley Financial Group Inc. acquired a new position in Vanguard Mega Cap Growth ETF in the third quarter worth $33,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in Vanguard Mega Cap Growth ETF during the fourth quarter valued at $40,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA:MGK opened at $308.50 on Friday. The company’s fifty day moving average is $337.07 and its two-hundred day moving average is $335.48. Vanguard Mega Cap Growth ETF has a 1-year low of $266.99 and a 1-year high of $358.64. The stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 35.83 and a beta of 1.15.

Vanguard Mega Cap Growth ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.3397 per share. This is a positive change from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31. The ex-dividend date of this dividend is Thursday, March 27th.

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.