Kovack Advisors Inc. Sells 408 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Kovack Advisors Inc. lessened its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 3.6% in the fourth quarter, Holdings Channel reports. The firm owned 10,903 shares of the company’s stock after selling 408 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $2,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI lifted its position in shares of Vanguard Mega Cap Growth ETF by 181.3% during the 3rd quarter. National Bank of Canada FI now owns 543 shares of the company’s stock valued at $123,000 after buying an additional 350 shares during the last quarter. CWM LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 42.5% during the 3rd quarter. CWM LLC now owns 2,312 shares of the company’s stock valued at $525,000 after buying an additional 690 shares during the last quarter. Capital Asset Advisory Services LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF during the 3rd quarter valued at $426,000. Flagship Private Wealth LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 51.9% during the 3rd quarter. Flagship Private Wealth LLC now owns 7,622 shares of the company’s stock valued at $1,729,000 after buying an additional 2,605 shares during the last quarter. Finally, Sterling Investment Counsel LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 19.7% during the 3rd quarter. Sterling Investment Counsel LLC now owns 1,153 shares of the company’s stock worth $262,000 after purchasing an additional 190 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

NYSEARCA MGK traded up $5.11 during trading hours on Friday, hitting $277.92. The company had a trading volume of 1,087,868 shares, compared to its average volume of 344,672. The firm has a market capitalization of $18.48 billion, a price-to-earnings ratio of 40.90 and a beta of 1.26. Vanguard Mega Cap Growth ETF has a 52 week low of $203.01 and a 52 week high of $291.40. The firm has a 50 day simple moving average of $282.60 and a 200 day simple moving average of $263.09.

Vanguard Mega Cap Growth ETF Company 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.