Pinion Investment Advisors LLC Decreases Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Pinion Investment Advisors LLC lessened its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,898 shares of the company’s stock after selling 151 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MGK. FMR LLC boosted its holdings in shares of Vanguard Mega Cap Growth ETF by 12.7% in the 3rd quarter. FMR LLC now owns 23,961 shares of the company’s stock valued at $7,714,000 after buying an additional 2,704 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 14.5% in the third quarter. Oppenheimer & Co. Inc. now owns 1,202 shares of the company’s stock valued at $387,000 after acquiring an additional 152 shares in the last quarter. Wedmont Private Capital increased its position in shares of Vanguard Mega Cap Growth ETF by 8.6% during the fourth quarter. Wedmont Private Capital now owns 811 shares of the company’s stock worth $276,000 after purchasing an additional 64 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 131.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 37,676 shares of the company’s stock valued at $12,938,000 after purchasing an additional 21,417 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in Vanguard Mega Cap Growth ETF by 8.5% during the 3rd quarter. Stifel Financial Corp now owns 193,618 shares of the company’s stock worth $62,340,000 after buying an additional 15,201 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 2.3 %

MGK opened at $330.61 on Tuesday. The firm has a market cap of $24.28 billion, a price-to-earnings ratio of 41.72 and a beta of 1.13. Vanguard Mega Cap Growth ETF has a 52 week low of $266.99 and a 52 week high of $358.64. The business’s 50 day moving average is $348.51 and its two-hundred day moving average is $334.88.

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.