Riggs Capital Management LLC Invests $209,000 in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Riggs Capital Management LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 609 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGK. Summit Financial LLC increased its position in shares of Vanguard Mega Cap Growth ETF by 1.5% during the 4th quarter. Summit Financial LLC now owns 2,256 shares of the company’s stock valued at $775,000 after purchasing an additional 33 shares during the period. Prudent Man Investment Management Inc. bought a new position in Vanguard Mega Cap Growth ETF during the fourth quarter valued at about $364,000. Hazlett Burt & Watson Inc. grew its holdings in Vanguard Mega Cap Growth ETF by 5.4% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,369 shares of the company’s stock worth $471,000 after acquiring an additional 70 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Vanguard Mega Cap Growth ETF by 58.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,415 shares of the company’s stock worth $486,000 after acquiring an additional 523 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $71,000.

Vanguard Mega Cap Growth ETF Trading Down 2.7 %

NYSEARCA:MGK opened at $308.50 on Monday. The company has a 50-day moving average of $337.07 and a 200-day moving average of $335.87. 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 cap of $22.49 billion, a price-to-earnings ratio of 35.83 and a beta of 1.15.

Vanguard Mega Cap Growth ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a $0.3397 dividend. This is a positive change from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31. The ex-dividend date is Thursday, March 27th.

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.