Center For Asset Management LLC Reduces Holdings in Vanguard Mega Cap Growth ETF $MGK

Center For Asset Management LLC reduced its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 24.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,847 shares of the company’s stock after selling 7,230 shares during the period. Vanguard Mega Cap Growth ETF accounts for approximately 4.7% of Center For Asset Management LLC’s holdings, making the stock its 3rd biggest position. Center For Asset Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $8,791,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MGK. Vantagepoint Investment Advisers LLC bought a new stake in Vanguard Mega Cap Growth ETF during the third quarter worth approximately $335,586,000. Assetmark Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 7.0% during the 3rd quarter. Assetmark Inc. now owns 8,503,196 shares of the company’s stock valued at $3,421,856,000 after purchasing an additional 558,602 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 383.6% during the 2nd quarter. Osaic Holdings Inc. now owns 623,866 shares of the company’s stock valued at $228,441,000 after purchasing an additional 494,855 shares in the last quarter. Kensington Asset Management LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter valued at $95,863,000. Finally, Merit Financial Group LLC increased its position in shares of Vanguard Mega Cap Growth ETF by 50.6% during the 3rd quarter. Merit Financial Group LLC now owns 539,030 shares of the company’s stock valued at $216,916,000 after purchasing an additional 181,203 shares during the period.

Vanguard Mega Cap Growth ETF Stock Performance

MGK opened at $384.35 on Wednesday. The company has a market capitalization of $30.15 billion, a PE ratio of 37.33 and a beta of 1.18. The stock’s fifty day moving average is $396.52 and its 200-day moving average is $403.34. Vanguard Mega Cap Growth ETF has a one year low of $262.65 and a one year high of $426.80.

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.