Prudent Man Investment Management Inc. Makes New Investment in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Prudent Man Investment Management Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,060 shares of the company’s stock, valued at approximately $364,000. Vanguard Mega Cap Growth ETF makes up 0.2% of Prudent Man Investment Management Inc.’s investment portfolio, making the stock its 18th largest position.

Several other large investors have also modified their holdings of MGK. World Investment Advisors LLC lifted its position in Vanguard Mega Cap Growth ETF by 36,249.8% during the third quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock valued at $204,331,000 after acquiring an additional 632,921 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Vanguard Mega Cap Growth ETF by 34,241.0% in the fourth quarter. Proficio Capital Partners LLC now owns 393,204 shares of the company’s stock valued at $135,030,000 after purchasing an additional 392,059 shares during the period. Strategic Financial Concepts LLC acquired a new position in Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $82,803,000. Raymond James Financial Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth $79,888,000. Finally, LPL Financial LLC raised its stake in shares of Vanguard Mega Cap Growth ETF by 14.5% during the 4th quarter. LPL Financial LLC now owns 1,080,875 shares of the company’s stock valued at $371,183,000 after buying an additional 136,586 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Down 2.7 %

Shares of NYSEARCA:MGK opened at $308.50 on Monday. The business has a 50 day moving average of $337.07 and a two-hundred day moving average of $335.87. Vanguard Mega Cap Growth ETF has a 12-month low of $266.99 and a 12-month high of $358.64. The company has a market capitalization of $22.49 billion, a PE ratio of 35.83 and a beta of 1.15.

Vanguard Mega Cap Growth ETF Increases Dividend

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

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.