Smith Moore & CO. Cuts Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Smith Moore & CO. decreased its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,093 shares of the company’s stock after selling 250 shares during the quarter. Smith Moore & CO.’s holdings in Vanguard Mega Cap Growth ETF were worth $719,000 as of its most recent filing with the Securities and Exchange Commission.

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

Vanguard Mega Cap Growth ETF Trading Down 6.0 %

Shares of MGK stock opened at $277.82 on Friday. Vanguard Mega Cap Growth ETF has a twelve month low of $266.99 and a twelve month high of $358.64. The company has a market capitalization of $20.25 billion, a PE ratio of 35.83 and a beta of 1.15. The firm has a fifty day simple moving average of $332.04 and a 200-day simple moving average of $335.13.

Vanguard Mega Cap Growth ETF Increases Dividend

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

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.