Assetmark Inc. Has $3.12 Billion Position in Vanguard Mega Cap Growth ETF $MGK

Assetmark Inc. decreased its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,486,761 shares of the company’s stock after selling 104,071 shares during the quarter. Vanguard Mega Cap Growth ETF makes up approximately 6.4% of Assetmark Inc.’s portfolio, making the stock its biggest position. Assetmark Inc. owned 11.25% of Vanguard Mega Cap Growth ETF worth $3,118,375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 4.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 45,064 shares of the company’s stock valued at $16,558,000 after purchasing an additional 1,934 shares in the last quarter. Independent Financial Group LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the first quarter worth $7,711,000. Wealthfront Advisers LLC increased its holdings in Vanguard Mega Cap Growth ETF by 10.6% in the first quarter. Wealthfront Advisers LLC now owns 69,764 shares of the company’s stock valued at $25,634,000 after purchasing an additional 6,697 shares during the period. D.A. Davidson & CO. increased its holdings in Vanguard Mega Cap Growth ETF by 1.8% in the first quarter. D.A. Davidson & CO. now owns 83,274 shares of the company’s stock valued at $30,598,000 after purchasing an additional 1,461 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Vanguard Mega Cap Growth ETF by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 31,093 shares of the company’s stock worth $11,425,000 after purchasing an additional 379 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Down 1.4%

Shares of MGK opened at $88.18 on Friday. The stock’s 50-day moving average price is $88.18 and its two-hundred day moving average price is $82.48. The company has a market capitalization of $33.17 billion, a PE ratio of 37.33 and a beta of 1.24. Vanguard Mega Cap Growth ETF has a 12 month low of $63.74 and a 12 month high of $92.38.

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.