Valmark Advisers Inc. Decreases Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Valmark Advisers Inc. lowered its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,874 shares of the company’s stock after selling 143 shares during the quarter. Valmark Advisers Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $2,704,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MGK. Captrust Financial Advisors lifted its stake in Vanguard Mega Cap Growth ETF by 756.3% in the 3rd quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock worth $513,465,000 after purchasing an additional 1,408,609 shares in the last quarter. World Investment Advisors LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 36,249.8% during the 3rd quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock valued at $204,331,000 after buying an additional 632,921 shares in the last quarter. Assetmark Inc. raised its position in shares of Vanguard Mega Cap Growth ETF by 3.8% during the 3rd quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock valued at $2,399,580,000 after buying an additional 271,905 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the 4th quarter valued at about $82,803,000. Finally, International Assets Investment Management LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 32,115.7% during the 3rd quarter. International Assets Investment Management LLC now owns 129,185 shares of the company’s stock valued at $41,591,000 after buying an additional 128,784 shares in the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.3 %

Shares of NYSEARCA MGK opened at $357.43 on Monday. The firm’s 50-day moving average price is $349.45 and its 200-day moving average price is $331.28. The stock has a market capitalization of $23.66 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 12-month low of $266.99 and a 12-month high of $358.61.

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.