Salem Investment Counselors Inc. Decreases Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Salem Investment Counselors Inc. lessened its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,617 shares of the company’s stock after selling 587 shares during the quarter. Salem Investment Counselors Inc. owned about 0.08% of Vanguard Mega Cap Growth ETF worth $17,488,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at approximately $27,000. 1620 Investment Advisors Inc. bought a new position in Vanguard Mega Cap Growth ETF during the fourth quarter valued at $30,000. Mainstream Capital Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at $31,000. Pittenger & Anderson Inc. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 25.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 150 shares of the company’s stock worth $52,000 after acquiring an additional 30 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter worth about $55,000.

Vanguard Mega Cap Growth ETF Stock Up 0.3%

MGK opened at $354.39 on Friday. The business has a fifty day moving average of $324.92 and a 200 day moving average of $334.04. The stock has a market cap of $26.35 billion, a P/E ratio of 36.62 and a beta of 1.20. Vanguard Mega Cap Growth ETF has a 52-week low of $262.65 and a 52-week high of $358.64.

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.