IFP Advisors Inc Cuts Stake in Vanguard Mega Cap Growth ETF $MGK

IFP Advisors Inc decreased its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 2.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,597 shares of the company’s stock after selling 240 shares during the period. IFP Advisors Inc’s holdings in Vanguard Mega Cap Growth ETF were worth $3,880,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Assetmark Inc. boosted its stake in shares of Vanguard Mega Cap Growth ETF by 3.5% in the 1st quarter. Assetmark Inc. now owns 7,716,979 shares of the company’s stock valued at $2,383,620,000 after purchasing an additional 258,515 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Vanguard Mega Cap Growth ETF by 12.7% in the 1st quarter. Ameriprise Financial Inc. now owns 805,119 shares of the company’s stock valued at $248,910,000 after purchasing an additional 90,984 shares in the last quarter. Angeles Wealth Management LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 3.0% in the 1st quarter. Angeles Wealth Management LLC now owns 534,450 shares of the company’s stock valued at $165,081,000 after purchasing an additional 15,775 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 5.9% in the 1st quarter. Cerity Partners LLC now owns 417,948 shares of the company’s stock valued at $129,096,000 after purchasing an additional 23,377 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Vanguard Mega Cap Growth ETF by 4.7% in the 1st quarter. Comerica Bank now owns 392,539 shares of the company’s stock valued at $121,248,000 after purchasing an additional 17,466 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of Vanguard Mega Cap Growth ETF stock opened at $394.96 on Friday. Vanguard Mega Cap Growth ETF has a 52-week low of $262.65 and a 52-week high of $410.01. The stock has a market capitalization of $30.61 billion, a price-to-earnings ratio of 37.33 and a beta of 1.11. The company has a fifty day moving average of $392.04 and a 200-day moving average of $357.19.

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.