Vanguard Mega Cap Growth ETF $MGK Stock Position Lessened by Philadelphia Trust Co.

Philadelphia Trust Co. cut its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 9.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,500 shares of the company’s stock after selling 15,000 shares during the period. Philadelphia Trust Co.’s holdings in Vanguard Mega Cap Growth ETF were worth $12,736,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 400.0% during the second quarter. Elevation Wealth Partners LLC now owns 300 shares of the company’s stock valued at $26,000 after purchasing an additional 240 shares during the last quarter. Triumph Capital Management increased its holdings in shares of Vanguard Mega Cap Growth ETF by 398.5% in the second quarter. Triumph Capital Management now owns 334 shares of the company’s stock valued at $29,000 after purchasing an additional 267 shares in the last quarter. Noble Wealth Management PBC raised its position in Vanguard Mega Cap Growth ETF by 400.0% in the 2nd quarter. Noble Wealth Management PBC now owns 350 shares of the company’s stock worth $31,000 after purchasing an additional 280 shares during the last quarter. Blue Bell Private Wealth Management LLC bought a new position in Vanguard Mega Cap Growth ETF in the 3rd quarter worth approximately $32,000. Finally, GoalVest Advisory LLC acquired a new position in Vanguard Mega Cap Growth ETF during the 2nd quarter worth $35,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK opened at $85.30 on Wednesday. The business’s fifty day moving average price is $90.57 and its two-hundred day moving average price is $85.46. The firm has a market capitalization of $32.24 billion, a price-to-earnings ratio of 28.83 and a beta of 1.25. Vanguard Mega Cap Growth ETF has a 52 week low of $70.32 and a 52 week high of $95.53.

About Vanguard Mega Cap Growth ETF

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.