Charles Schwab Investment Management Inc. Sells 1,516 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Charles Schwab Investment Management Inc. lowered its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 21.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,441 shares of the company’s stock after selling 1,516 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $1,868,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 12.7% during the third quarter. FMR LLC now owns 23,961 shares of the company’s stock worth $7,714,000 after acquiring an additional 2,704 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Vanguard Mega Cap Growth ETF by 11.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,339 shares of the company’s stock worth $460,000 after purchasing an additional 137 shares during the period. Amara Financial LLC. raised its holdings in Vanguard Mega Cap Growth ETF by 4.7% during the 4th quarter. Amara Financial LLC. now owns 70,704 shares of the company’s stock worth $24,280,000 after purchasing an additional 3,147 shares during the last quarter. Wedmont Private Capital lifted its position in Vanguard Mega Cap Growth ETF by 8.6% during the 4th quarter. Wedmont Private Capital now owns 811 shares of the company’s stock valued at $276,000 after purchasing an additional 64 shares during the period. Finally, Ameritas Advisory Services LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 131.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 37,676 shares of the company’s stock valued at $12,938,000 after purchasing an additional 21,417 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of Vanguard Mega Cap Growth ETF stock opened at $308.50 on Friday. The firm has a fifty day moving average of $337.07 and a two-hundred day moving average of $335.48. The stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 35.83 and a beta of 1.15. Vanguard Mega Cap Growth ETF has a 52 week low of $266.99 and a 52 week high of $358.64.

Vanguard Mega Cap Growth ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.3397 per share. This is a positive change from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31. The ex-dividend date is Thursday, March 27th.

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.