Cedar Point Capital Partners LLC Sells 325 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Cedar Point Capital Partners LLC lowered its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,558 shares of the company’s stock after selling 325 shares during the period. Vanguard Mega Cap Growth ETF comprises 7.3% of Cedar Point Capital Partners LLC’s investment portfolio, making the stock its 2nd biggest position. Cedar Point Capital Partners LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $10,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in MGK. Gateway Wealth Partners LLC raised its stake in Vanguard Mega Cap Growth ETF by 0.9% in the third quarter. Gateway Wealth Partners LLC now owns 3,361 shares of the company’s stock valued at $1,082,000 after buying an additional 31 shares in the last quarter. Strategic Blueprint LLC increased its holdings in shares of Vanguard Mega Cap Growth ETF by 2.2% in the 3rd quarter. Strategic Blueprint LLC now owns 1,933 shares of the company’s stock valued at $622,000 after acquiring an additional 42 shares during the last quarter. First Financial Bankshares Inc raised its position in shares of Vanguard Mega Cap Growth ETF by 6.0% during the 3rd quarter. First Financial Bankshares Inc now owns 778 shares of the company’s stock worth $250,000 after acquiring an additional 44 shares in the last quarter. Trilogy Capital Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 7.4% during the third quarter. Trilogy Capital Inc. now owns 730 shares of the company’s stock worth $235,000 after purchasing an additional 50 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in Vanguard Mega Cap Growth ETF by 4.8% in the fourth quarter. AdvisorNet Financial Inc now owns 1,198 shares of the company’s stock valued at $412,000 after purchasing an additional 55 shares in the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 1.7 %

MGK stock opened at $354.29 on Thursday. The stock has a market cap of $23.45 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a twelve month low of $265.99 and a twelve month high of $358.61. The company’s 50 day moving average is $345.63 and its two-hundred day moving average is $326.86.

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.