Fernwood Investment Management LLC Has $11.50 Million Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Fernwood Investment Management LLC trimmed its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,477 shares of the company’s stock after selling 600 shares during the period. Vanguard Mega Cap Growth ETF accounts for approximately 4.0% of Fernwood Investment Management LLC’s holdings, making the stock its 4th largest position. Fernwood Investment Management LLC owned about 0.05% of Vanguard Mega Cap Growth ETF worth $11,496,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bank of Jackson Hole Trust purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth $27,000. 1620 Investment Advisors Inc. purchased a new stake in Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $30,000. Mainstream Capital Management LLC acquired a new stake in Vanguard Mega Cap Growth ETF in the fourth quarter worth about $31,000. Copley Financial Group Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $33,000. Finally, Riggs Asset Managment Co. Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter valued at about $40,000.

Vanguard Mega Cap Growth ETF Price Performance

NYSEARCA MGK opened at $273.67 on Wednesday. The company has a market cap of $19.95 billion, a price-to-earnings ratio of 35.83 and a beta of 1.15. The stock’s fifty day moving average price is $327.64 and its 200 day moving average price is $334.39. Vanguard Mega Cap Growth ETF has a 1 year low of $262.65 and a 1 year high of $358.64.

Vanguard Mega Cap Growth ETF Increases Dividend

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

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.