Keystone Financial Group Takes $1.18 Million Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Keystone Financial Group acquired a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the fourth quarter, HoldingsChannel reports. The fund acquired 3,439 shares of the company’s stock, valued at approximately $1,181,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MGK. Bank of Jackson Hole Trust bought a new position in Vanguard Mega Cap Growth ETF in the fourth quarter worth about $27,000. 1620 Investment Advisors Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $30,000. Mainstream Capital Management LLC bought a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter worth approximately $31,000. Copley Financial Group Inc. purchased a new stake in Vanguard Mega Cap Growth ETF during the third quarter valued at approximately $33,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in Vanguard Mega Cap Growth ETF in the fourth quarter valued at approximately $40,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK stock opened at $299.69 on Monday. The stock’s fifty day moving average price is $323.97 and its 200 day moving average price is $333.85. Vanguard Mega Cap Growth ETF has a 1-year low of $262.65 and a 1-year high of $358.64. The company has a market cap of $21.79 billion, a price-to-earnings ratio of 32.92 and a beta of 1.20.

Vanguard Mega Cap Growth ETF Increases Dividend

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

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.