Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Stake Cut by Financial Management Network Inc.

Financial Management Network Inc. reduced its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 4.8% in the 4th quarter, Holdings Channel reports. The fund owned 2,249 shares of the company’s stock after selling 114 shares during the period. Financial Management Network Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $783,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MGK. Bank of Jackson Hole Trust purchased a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter worth about $27,000. Peterson Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 3rd quarter valued at about $33,000. Copley Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 3rd quarter valued at about $33,000. Riggs Asset Managment Co. Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter valued at about $40,000. Finally, Pittenger & Anderson Inc. grew its holdings in Vanguard Mega Cap Growth ETF by 25.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 150 shares of the company’s stock valued at $52,000 after buying an additional 30 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 0.1 %

MGK opened at $357.10 on Wednesday. The firm has a market capitalization of $23.64 billion, a P/E ratio of 42.92 and a beta of 1.28. The stock’s 50 day moving average price is $349.73 and its two-hundred day moving average price is $332.10. Vanguard Mega Cap Growth ETF has a 12-month low of $266.99 and a 12-month high of $358.64.

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.