IFC Advisors LLC Sells 30,151 Shares of Vanguard Mega Cap Growth ETF $MGK

IFC Advisors LLC reduced its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 13.9% during the 3rd quarter, Holdings Channel reports. The fund owned 187,284 shares of the company’s stock after selling 30,151 shares during the period. Vanguard Mega Cap Growth ETF makes up about 13.8% of IFC Advisors LLC’s investment portfolio, making the stock its largest position. IFC Advisors LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $75,367,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. grew its stake in shares of Vanguard Mega Cap Growth ETF by 159.9% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 74,226 shares of the company’s stock valued at $27,179,000 after buying an additional 45,667 shares during the period. First Horizon Corp bought a new stake in Vanguard Mega Cap Growth ETF during the 3rd quarter valued at $1,351,000. Beaumont Asset Management L.L.C. raised its holdings in Vanguard Mega Cap Growth ETF by 271.2% during the third quarter. Beaumont Asset Management L.L.C. now owns 6,233 shares of the company’s stock worth $2,508,000 after buying an additional 4,554 shares during the last quarter. DT Investment Partners LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF by 4,887.2% in the third quarter. DT Investment Partners LLC now owns 89,421 shares of the company’s stock valued at $35,985,000 after buying an additional 87,628 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 9.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 36,652 shares of the company’s stock valued at $14,749,000 after buying an additional 3,046 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA MGK opened at $409.06 on Friday. The stock has a market cap of $32.09 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a fifty-two week low of $262.65 and a fifty-two week high of $426.80. The firm’s 50-day simple moving average is $411.88 and its 200 day simple moving average is $400.93.

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.