Orion Portfolio Solutions LLC Has $2.55 Million Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Orion Portfolio Solutions LLC boosted its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 68.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,418 shares of the company’s stock after purchasing an additional 3,020 shares during the period. Orion Portfolio Solutions LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $2,547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MGK. FMR LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 12.7% during the third quarter. FMR LLC now owns 23,961 shares of the company’s stock worth $7,714,000 after purchasing an additional 2,704 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Vanguard Mega Cap Growth ETF by 33.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,043 shares of the company’s stock worth $2,268,000 after acquiring an additional 1,762 shares during the last quarter. IHT Wealth Management LLC increased its position in Vanguard Mega Cap Growth ETF by 41.4% in the 3rd quarter. IHT Wealth Management LLC now owns 9,238 shares of the company’s stock valued at $2,961,000 after acquiring an additional 2,707 shares in the last quarter. Resurgent Financial Advisors LLC raised its stake in shares of Vanguard Mega Cap Growth ETF by 14.4% in the third quarter. Resurgent Financial Advisors LLC now owns 733 shares of the company’s stock worth $236,000 after acquiring an additional 92 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Vanguard Mega Cap Growth ETF by 8.5% during the third quarter. Stifel Financial Corp now owns 193,618 shares of the company’s stock worth $62,340,000 after purchasing an additional 15,201 shares in the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

Shares of Vanguard Mega Cap Growth ETF stock opened at $311.36 on Wednesday. The firm has a 50 day simple moving average of $335.57 and a 200 day simple moving average of $335.81. Vanguard Mega Cap Growth ETF has a fifty-two week low of $266.99 and a fifty-two week high of $358.64. The firm has a market cap of $22.70 billion, a P/E ratio of 35.83 and a beta of 1.15.

Vanguard Mega Cap Growth ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.3397 per share. The ex-dividend date was 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.