Capstone Wealth Management Group LLC Sells 159,332 Shares of Vanguard Mega Cap Growth ETF $MGK

Capstone Wealth Management Group LLC cut its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 83.7% in the third quarter, Holdings Channel reports. The institutional investor owned 31,093 shares of the company’s stock after selling 159,332 shares during the period. Vanguard Mega Cap Growth ETF makes up about 1.3% of Capstone Wealth Management Group LLC’s investment portfolio, making the stock its 21st biggest holding. Capstone Wealth Management Group LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $2,881,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MGK. Cassaday & Co Wealth Management LLC boosted its stake in Vanguard Mega Cap Growth ETF by 1.3% during the first quarter. Cassaday & Co Wealth Management LLC now owns 3,719,368 shares of the company’s stock worth $1,366,645,000 after buying an additional 48,165 shares during the period. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at $397,940,000. Envestnet Asset Management Inc. raised its stake in shares of Vanguard Mega Cap Growth ETF by 399.7% in the second 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 during the period. Angeles Wealth Management LLC raised its stake in shares of Vanguard Mega Cap Growth ETF by 1.5% in the third quarter. Angeles Wealth Management LLC now owns 2,912,914 shares of the company’s stock valued at $269,899,000 after acquiring an additional 43,353 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 2.7% in 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 last quarter.

Vanguard Mega Cap Growth ETF Trading Up 1.7%

Vanguard Mega Cap Growth ETF stock opened at $86.77 on Thursday. Vanguard Mega Cap Growth ETF has a 12-month low of $70.32 and a 12-month high of $95.53. The firm has a 50-day moving average price of $90.52 and a 200-day moving average price of $85.48. The firm has a market capitalization of $32.80 billion, a PE ratio of 28.83 and a beta of 1.25.

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.