FARMERS & MERCHANTS TRUST Co OF LONG BEACH Lowers Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH trimmed its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 32.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,095 shares of the company’s stock after selling 517 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Vanguard Mega Cap Growth ETF were worth $314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of Vanguard Mega Cap Growth ETF by 3.7% during the 4th quarter. Assetmark Inc. now owns 6,890,694 shares of the company’s stock worth $1,788,204,000 after buying an additional 248,776 shares during the last quarter. Morgan Stanley increased its position in shares of Vanguard Mega Cap Growth ETF by 3.0% in the third quarter. Morgan Stanley now owns 1,559,349 shares of the company’s stock worth $353,816,000 after acquiring an additional 45,970 shares in the last quarter. Kensington Asset Management LLC increased its holdings in Vanguard Mega Cap Growth ETF by 3.7% in the 4th quarter. Kensington Asset Management LLC now owns 441,700 shares of the company’s stock valued at $114,626,000 after purchasing an additional 15,700 shares in the last quarter. Royal Bank of Canada raised its position in Vanguard Mega Cap Growth ETF by 5.2% in the third quarter. Royal Bank of Canada now owns 411,523 shares of the company’s stock valued at $93,374,000 after purchasing an additional 20,249 shares during the period. Finally, Angeles Wealth Management LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF by 3.9% during the fourth quarter. Angeles Wealth Management LLC now owns 348,111 shares of the company’s stock worth $90,338,000 after purchasing an additional 13,094 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

MGK stock opened at $319.82 on Wednesday. The stock has a 50-day simple moving average of $297.12 and a 200-day simple moving average of $282.66. The firm has a market cap of $21.17 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 1 year low of $218.10 and a 1 year high of $319.82.

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.