AE Wealth Management LLC Reduces Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

AE Wealth Management LLC decreased its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 32.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,922 shares of the company’s stock after selling 12,660 shares during the quarter. AE Wealth Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $8,459,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. PSI Advisors LLC purchased a new stake in Vanguard Mega Cap Growth ETF in the second quarter worth $25,000. YHB Investment Advisors Inc. bought a new position in Vanguard Mega Cap Growth ETF in the 1st quarter worth $29,000. Rothschild Investment LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the 2nd quarter worth about $31,000. Global Wealth Strategies & Associates bought a new stake in shares of Vanguard Mega Cap Growth ETF during the 1st quarter valued at about $30,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter valued at about $35,000.

Vanguard Mega Cap Growth ETF Price Performance

MGK stock opened at $319.32 on Friday. Vanguard Mega Cap Growth ETF has a 1 year low of $218.10 and a 1 year high of $330.36. The firm has a 50-day moving average of $308.57 and a 200 day moving average of $299.33. The company has a market cap of $21.14 billion, a P/E ratio of 42.92 and a beta of 1.28.

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.