Vanguard Mega Cap Growth ETF $MGK Stock: Finward Bancorp Trims Holdings

Finward Bancorp cut its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 37.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 28,451 shares of the company’s stock after selling 16,950 shares during the period. Vanguard Mega Cap Growth ETF accounts for approximately 1.8% of Finward Bancorp’s portfolio, making the stock its 14th biggest holding. Finward Bancorp’s holdings in Vanguard Mega Cap Growth ETF were worth $2,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MGK. Cassaday & Co Wealth Management LLC increased its position in Vanguard Mega Cap Growth ETF by 1.3% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 3,719,368 shares of the company’s stock valued at $1,366,645,000 after acquiring an additional 48,165 shares during the period. Envestnet Asset Management Inc. raised its stake in Vanguard Mega Cap Growth ETF by 399.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,554,068 shares of the company’s stock valued at $312,423,000 after acquiring an additional 2,842,779 shares in the last quarter. Angeles Wealth Management LLC raised its stake in Vanguard Mega Cap Growth ETF by 402.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 2,869,561 shares of the company’s stock valued at $252,281,000 after acquiring an additional 2,298,377 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Vanguard Mega Cap Growth ETF by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 531,713 shares of the company’s stock worth $195,372,000 after acquiring an additional 14,064 shares during the period. Finally, Royal Bank of Canada boosted its position in Vanguard Mega Cap Growth ETF by 2.0% during the 1st quarter. Royal Bank of Canada now owns 466,332 shares of the company’s stock worth $171,349,000 after acquiring an additional 9,145 shares during the period.

Vanguard Mega Cap Growth ETF Stock Down 2.1%

MGK stock traded down $1.96 during trading on Wednesday, reaching $92.23. 1,458,147 shares of the company’s stock were exchanged, compared to its average volume of 1,987,815. Vanguard Mega Cap Growth ETF has a 1-year low of $70.32 and a 1-year high of $95.53. The firm has a market cap of $34.70 billion, a PE ratio of 37.33 and a beta of 1.24. The company’s fifty day moving average price is $91.09 and its 200-day moving average price is $87.28.

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.