MAI Capital Management Lowers Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

MAI Capital Management trimmed its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,502 shares of the company’s stock after selling 657 shares during the period. MAI Capital Management’s holdings in Vanguard Mega Cap Growth ETF were worth $3,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Angeles Investment Advisors LLC increased its holdings in Vanguard Mega Cap Growth ETF by 105.4% during the second quarter. Angeles Investment Advisors LLC now owns 887,190 shares of the company’s stock valued at $278,764,000 after buying an additional 455,250 shares during the period. Prime Capital Investment Advisors LLC boosted its position in Vanguard Mega Cap Growth ETF by 4,572.4% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 295,760 shares of the company’s stock valued at $92,931,000 after acquiring an additional 289,430 shares in the last quarter. Comerica Bank increased its holdings in shares of Vanguard Mega Cap Growth ETF by 325.4% in the 2nd quarter. Comerica Bank now owns 359,241 shares of the company’s stock valued at $112,877,000 after acquiring an additional 274,801 shares during the period. Assetmark Inc. raised its position in shares of Vanguard Mega Cap Growth ETF by 3.8% in the 3rd quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock worth $2,399,580,000 after acquiring an additional 271,905 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 32,115.7% in the 3rd quarter. International Assets Investment Management LLC now owns 129,185 shares of the company’s stock worth $41,591,000 after acquiring an additional 128,784 shares in the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK stock opened at $335.88 on Wednesday. The stock’s 50-day moving average is $325.16 and its 200 day moving average is $312.79. Vanguard Mega Cap Growth ETF has a 1-year low of $246.18 and a 1-year high of $342.22. The company has a market cap of $22.23 billion, a P/E ratio of 42.92 and a beta of 1.28.

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.