Texas Capital Bank Wealth Management Services Inc Sells 242 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Texas Capital Bank Wealth Management Services Inc reduced its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 36,399 shares of the company’s stock after selling 242 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for approximately 1.3% of Texas Capital Bank Wealth Management Services Inc’s portfolio, making the stock its 11th largest position. Texas Capital Bank Wealth Management Services Inc’s holdings in Vanguard Mega Cap Growth ETF were worth $12,500,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MGK. Pittenger & Anderson Inc. lifted its holdings in Vanguard Mega Cap Growth ETF by 25.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 150 shares of the company’s stock worth $52,000 after purchasing an additional 30 shares in the last quarter. Titleist Asset Management LLC raised its position in Vanguard Mega Cap Growth ETF by 4.4% during the fourth quarter. Titleist Asset Management LLC now owns 732 shares of the company’s stock valued at $251,000 after purchasing an additional 31 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in Vanguard Mega Cap Growth ETF by 1.7% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 1,941 shares of the company’s stock valued at $667,000 after acquiring an additional 33 shares during the last quarter. Summit Financial LLC lifted its stake in Vanguard Mega Cap Growth ETF by 1.5% in the fourth quarter. Summit Financial LLC now owns 2,256 shares of the company’s stock worth $775,000 after purchasing an additional 33 shares during the last quarter. Finally, Planning Directions Inc. boosted its position in shares of Vanguard Mega Cap Growth ETF by 4.5% during the fourth quarter. Planning Directions Inc. now owns 957 shares of the company’s stock valued at $329,000 after buying an additional 41 shares during the period.

Vanguard Mega Cap Growth ETF Trading Down 3.1 %

Shares of MGK stock traded down $9.58 on Thursday, reaching $297.56. 172,560 shares of the company’s stock were exchanged, compared to its average volume of 501,420. The company’s fifty day simple moving average is $325.97 and its 200 day simple moving average is $334.12. The stock has a market capitalization of $21.69 billion, a PE ratio of 35.83 and a beta of 1.15. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $358.64.

Vanguard Mega Cap Growth ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.3397 dividend. The ex-dividend date was Thursday, March 27th. This is a boost from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31.

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.