Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Position Lowered by Royal Fund Management LLC

Royal Fund Management LLC trimmed its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 3.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 89,443 shares of the company’s stock after selling 3,250 shares during the period. Vanguard Mega Cap Growth ETF comprises about 2.6% of Royal Fund Management LLC’s portfolio, making the stock its 2nd largest holding. Royal Fund Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $23,230,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Summit Investment Advisory Services LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 1.0% in the fourth quarter. Summit Investment Advisory Services LLC now owns 4,125 shares of the company’s stock valued at $1,070,000 after acquiring an additional 39 shares during the period. Hubbell Strickland Wealth Management LLC raised its holdings in Vanguard Mega Cap Growth ETF by 3.7% in the 4th quarter. Hubbell Strickland Wealth Management LLC now owns 1,180 shares of the company’s stock worth $306,000 after purchasing an additional 42 shares during the period. Keystone Financial Group lifted its position in Vanguard Mega Cap Growth ETF by 1.6% during the third quarter. Keystone Financial Group now owns 2,884 shares of the company’s stock valued at $654,000 after purchasing an additional 45 shares in the last quarter. Gray Wealth Management Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF by 1.1% during the 4th quarter. Gray Wealth Management Inc. now owns 4,804 shares of the company’s stock valued at $1,247,000 after buying an additional 51 shares in the last quarter. Finally, Sterling Investment Counsel LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF by 4.5% during the 4th quarter. Sterling Investment Counsel LLC now owns 1,205 shares of the company’s stock valued at $313,000 after buying an additional 52 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Up 2.0 %

MGK stock traded up $5.49 during midday trading on Friday, hitting $281.56. The company’s stock had a trading volume of 324,154 shares, compared to its average volume of 338,297. Vanguard Mega Cap Growth ETF has a 12 month low of $203.58 and a 12 month high of $291.40. The company has a 50 day moving average of $282.26 and a two-hundred day moving average of $265.06. The firm has a market capitalization of $18.72 billion, a price-to-earnings ratio of 40.90 and a beta of 1.26.

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.