IFC Advisors LLC Cuts Stock Holdings in Vanguard Mega Cap Growth ETF $MGK

IFC Advisors LLC lessened its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 13.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 187,284 shares of the company’s stock after selling 30,151 shares during the period. Vanguard Mega Cap Growth ETF comprises approximately 13.8% of IFC Advisors LLC’s investment portfolio, making the stock its largest holding. IFC Advisors LLC owned 0.24% of Vanguard Mega Cap Growth ETF worth $75,367,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new stake in Vanguard Mega Cap Growth ETF in the second quarter valued at $28,000. Atlantic Union Bankshares Corp bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 2nd quarter valued at about $30,000. North Star Investment Management Corp. lifted its stake in Vanguard Mega Cap Growth ETF by 182.1% in the 3rd quarter. North Star Investment Management Corp. now owns 110 shares of the company’s stock valued at $44,000 after purchasing an additional 71 shares during the last quarter. Dynamic Wealth Strategies LLC bought a new position in Vanguard Mega Cap Growth ETF during the second quarter worth about $44,000. Finally, Smartleaf Asset Management LLC increased its position in Vanguard Mega Cap Growth ETF by 463.6% during the second quarter. Smartleaf Asset Management LLC now owns 124 shares of the company’s stock worth $45,000 after buying an additional 102 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 0.8%

NYSEARCA:MGK opened at $409.06 on Friday. The stock’s 50 day moving average price is $411.88 and its two-hundred day moving average price is $400.93. The firm has a market capitalization of $32.09 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a 12-month low of $262.65 and a 12-month high of $426.80.

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.