Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Shares Down 1.1% – Here’s Why

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)’s share price traded down 1.1% on Tuesday . The company traded as low as $88.24 and last traded at $88.29. 961,039 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 2,467,716 shares. The stock had previously closed at $89.29.

Vanguard Mega Cap Growth ETF Trading Down 1.1%

The business’s fifty day simple moving average is $85.71 and its two-hundred day simple moving average is $81.78. The stock has a market capitalization of $6.66 billion, a P/E ratio of 37.33 and a beta of 1.24.

Institutional Trading of Vanguard Mega Cap Growth ETF

A number of hedge funds have recently bought and sold shares of the stock. Assetmark Inc. boosted its holdings in Vanguard Mega Cap Growth ETF by 1.0% in the 4th quarter. Assetmark Inc. now owns 8,590,832 shares of the company’s stock valued at $3,546,038,000 after purchasing an additional 87,636 shares during the period. Cassaday & Co Wealth Management LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 1.3% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 3,719,368 shares of the company’s stock worth $1,366,645,000 after acquiring an additional 48,165 shares during the period. Morgan Stanley lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 11.7% during the 4th quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock worth $1,094,325,000 after acquiring an additional 277,446 shares during the period. Captrust Financial Advisors boosted its position in shares of Vanguard Mega Cap Growth ETF by 0.9% during the 2nd quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock valued at $611,042,000 after acquiring an additional 15,432 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Vanguard Mega Cap Growth ETF by 0.4% in the fourth quarter. LPL Financial LLC now owns 1,173,852 shares of the company’s stock valued at $484,531,000 after acquiring an additional 5,134 shares during the period.

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.