Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Shares Scheduled to Split on Tuesday, April 21st

Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) are set to split on Tuesday, April 21st. The 5-1 split was announced on Thursday, March 26th. The newly created shares will be issued to shareholders after the closing bell on Monday, April 20th.

Vanguard Mega Cap Growth ETF Trading Up 2.6%

Shares of MGK opened at $383.78 on Thursday. The firm has a market capitalization of $28.96 billion, a P/E ratio of 37.33 and a beta of 1.22. The stock’s fifty day simple moving average is $384.14 and its 200 day simple moving average is $400.93. Vanguard Mega Cap Growth ETF has a twelve month low of $273.73 and a twelve month high of $426.80.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Vantagepoint Investment Advisers LLC purchased a new position in Vanguard Mega Cap Growth ETF in the third quarter valued at about $335,586,000. Assetmark Inc. raised its position in Vanguard Mega Cap Growth ETF by 7.0% in the third quarter. Assetmark Inc. now owns 8,503,196 shares of the company’s stock valued at $3,421,856,000 after purchasing an additional 558,602 shares during the period. Osaic Holdings Inc. raised its position in Vanguard Mega Cap Growth ETF by 383.6% in the second quarter. Osaic Holdings Inc. now owns 623,866 shares of the company’s stock valued at $228,441,000 after purchasing an additional 494,855 shares during the period. Morgan Stanley raised its position in Vanguard Mega Cap Growth ETF by 11.7% in the fourth quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock valued at $1,094,325,000 after purchasing an additional 277,446 shares during the period. Finally, Strategic Investment Advisors MI raised its position in Vanguard Mega Cap Growth ETF by 80,083.9% in the fourth quarter. Strategic Investment Advisors MI now owns 184,423 shares of the company’s stock valued at $76,176,000 after purchasing an additional 184,193 shares during the period.

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.