Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Shares Sold by Pitcairn Co.

Pitcairn Co. cut its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,201 shares of the company’s stock after selling 42 shares during the period. Pitcairn Co.’s holdings in Vanguard Mega Cap Growth ETF were worth $412,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth approximately $27,000. 1620 Investment Advisors Inc. acquired a new position in Vanguard Mega Cap Growth ETF in the 4th quarter valued at $30,000. Mainstream Capital Management LLC purchased a new position in Vanguard Mega Cap Growth ETF during the 4th quarter worth $31,000. Copley Financial Group Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the 3rd quarter worth $33,000. Finally, Riggs Asset Managment Co. Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $40,000.

Vanguard Mega Cap Growth ETF Stock Down 6.0 %

NYSEARCA MGK opened at $277.82 on Friday. The stock has a market capitalization of $20.25 billion, a P/E ratio of 35.83 and a beta of 1.15. Vanguard Mega Cap Growth ETF has a 52-week low of $266.99 and a 52-week high of $358.64. The firm has a 50-day moving average price of $332.04 and a 200 day moving average price of $335.28.

Vanguard Mega Cap Growth ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.3397 dividend. This is a boost from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31. The ex-dividend date was 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.