MAI Capital Management Lowers Stock Holdings in Vanguard Mega Cap Growth ETF $MGK

MAI Capital Management reduced its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 15.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,346 shares of the company’s stock after selling 1,375 shares during the quarter. MAI Capital Management’s holdings in Vanguard Mega Cap Growth ETF were worth $2,956,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. increased its holdings in shares of Vanguard Mega Cap Growth ETF by 159.9% in the second quarter. Vestmark Advisory Solutions Inc. now owns 74,226 shares of the company’s stock worth $27,179,000 after buying an additional 45,667 shares during the period. First Horizon Corp purchased a new stake in Vanguard Mega Cap Growth ETF during the 3rd quarter valued at about $1,351,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Vanguard Mega Cap Growth ETF by 17.6% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 48,651 shares of the company’s stock worth $19,578,000 after acquiring an additional 7,270 shares during the last quarter. Beaumont Asset Management L.L.C. increased its stake in Vanguard Mega Cap Growth ETF by 271.2% in the 3rd quarter. Beaumont Asset Management L.L.C. now owns 6,233 shares of the company’s stock worth $2,508,000 after purchasing an additional 4,554 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Vanguard Mega Cap Growth ETF by 9.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 36,652 shares of the company’s stock worth $14,749,000 after purchasing an additional 3,046 shares during the period.

Vanguard Mega Cap Growth ETF Stock Performance

NYSEARCA:MGK opened at $386.95 on Friday. The firm has a market cap of $30.35 billion, a PE ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a fifty-two week low of $262.65 and a fifty-two week high of $426.80. The business has a 50 day moving average price of $403.39 and a 200-day moving average price of $402.97.

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.