Gladstone Institutional Advisory LLC Cuts Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Gladstone Institutional Advisory LLC reduced its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,033 shares of the company’s stock after selling 1,087 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $1,728,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MGK. Leavell Investment Management Inc. increased its position in Vanguard Mega Cap Growth ETF by 2.9% during the 4th quarter. Leavell Investment Management Inc. now owns 115,811 shares of the company’s stock valued at $39,771,000 after purchasing an additional 3,298 shares during the period. Towneley Capital Management Inc DE bought a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter valued at approximately $226,000. Sovran Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF during the fourth quarter valued at approximately $1,874,000. Stonebridge Financial Group LLC bought a new position in Vanguard Mega Cap Growth ETF in the fourth quarter worth approximately $330,000. Finally, Focus Financial Network Inc. lifted its holdings in Vanguard Mega Cap Growth ETF by 296.7% during the fourth quarter. Focus Financial Network Inc. now owns 9,149 shares of the company’s stock worth $3,142,000 after buying an additional 6,843 shares during the period.

Vanguard Mega Cap Growth ETF Trading Down 0.1 %

Shares of NYSEARCA MGK opened at $351.33 on Thursday. Vanguard Mega Cap Growth ETF has a 12-month low of $266.99 and a 12-month high of $358.61. The stock’s fifty day simple moving average is $349.23 and its two-hundred day simple moving average is $330.33. The stock has a market capitalization of $23.25 billion, a PE ratio of 42.92 and a beta of 1.28.

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.