Hoffman Alan N Investment Management Trims Position in Vanguard Mega Cap Growth ETF $MGK

Hoffman Alan N Investment Management lessened its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 2.4% in the 2nd quarter, Holdings Channel reports. The firm owned 3,519 shares of the company’s stock after selling 85 shares during the period. Vanguard Mega Cap Growth ETF makes up 0.6% of Hoffman Alan N Investment Management’s investment portfolio, making the stock its 8th largest holding. Hoffman Alan N Investment Management’s holdings in Vanguard Mega Cap Growth ETF were worth $1,289,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dogwood Wealth Management LLC bought a new position in Vanguard Mega Cap Growth ETF during the second quarter valued at approximately $27,000. Harbor Asset Planning Inc. purchased a new position in Vanguard Mega Cap Growth ETF during the 2nd quarter valued at approximately $28,000. Safe Harbor Fiduciary LLC purchased a new position in Vanguard Mega Cap Growth ETF during the 1st quarter valued at approximately $32,000. Redmont Wealth Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF during the 1st quarter valued at approximately $32,000. Finally, Valued Wealth Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF during the 1st quarter valued at approximately $42,000.

Vanguard Mega Cap Growth ETF Stock Up 1.1%

MGK stock opened at $411.96 on Monday. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $412.98. The company has a fifty day simple moving average of $396.07 and a two-hundred day simple moving average of $365.40. The firm has a market capitalization of $31.93 billion, a P/E ratio of 37.33 and a beta of 1.11.

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.