Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC reduced its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,759 shares of the company’s stock after selling 43 shares during the period. Modern Wealth Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MGK. Bank of Jackson Hole Trust acquired a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter valued at $27,000. 1620 Investment Advisors Inc. purchased a new position in Vanguard Mega Cap Growth ETF during the fourth quarter valued at $30,000. Mainstream Capital Management LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $31,000. Copley Financial Group Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $33,000. Finally, Riggs Asset Managment Co. Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter worth about $40,000.

Vanguard Mega Cap Growth ETF Trading Down 2.3 %

Shares of Vanguard Mega Cap Growth ETF stock opened at $318.80 on Thursday. Vanguard Mega Cap Growth ETF has a twelve month low of $266.99 and a twelve month high of $358.64. The firm has a market capitalization of $23.24 billion, a PE ratio of 35.83 and a beta of 1.15. The firm’s 50-day moving average price is $338.35 and its 200 day moving average price is $335.57.

Vanguard Mega Cap Growth ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a $0.3397 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This is an increase from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31.

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.