Sovereign Financial Group Inc. Cuts Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Sovereign Financial Group Inc. lowered its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGKFree Report) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,065 shares of the company’s stock after selling 415 shares during the period. Sovereign Financial Group Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $1,952,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. PSI Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF during the second quarter worth approximately $25,000. YHB Investment Advisors Inc. purchased a new position in Vanguard Mega Cap Growth ETF during the first quarter worth approximately $29,000. Rothschild Investment LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF in the 2nd quarter valued at $31,000. Global Wealth Strategies & Associates purchased a new position in shares of Vanguard Mega Cap Growth ETF in the 1st quarter valued at $30,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF in the 2nd quarter valued at $35,000.

Vanguard Mega Cap Growth ETF Trading Up 1.8 %

Shares of MGK stock opened at $322.82 on Wednesday. The company’s fifty day simple moving average is $310.80 and its 200-day simple moving average is $302.36. Vanguard Mega Cap Growth ETF has a 52 week low of $218.10 and a 52 week high of $330.36. The company has a market cap of $21.37 billion, a PE ratio of 42.92 and a beta of 1.28.

About Vanguard Mega Cap Growth ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

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