Assetmark Inc. Sells 104,071 Shares of Vanguard Mega Cap Growth ETF $MGK

Assetmark Inc. cut its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 8,486,761 shares of the company’s stock after selling 104,071 shares during the period. Vanguard Mega Cap Growth ETF comprises approximately 6.4% of Assetmark Inc.’s holdings, making the stock its largest position. Assetmark Inc. owned 0.11% of Vanguard Mega Cap Growth ETF worth $3,118,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in Vanguard Mega Cap Growth ETF by 4.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 45,064 shares of the company’s stock worth $16,558,000 after purchasing an additional 1,934 shares during the period. Independent Financial Group LLC bought a new stake in Vanguard Mega Cap Growth ETF in the first quarter worth approximately $7,711,000. Wealthfront Advisers LLC lifted its stake in Vanguard Mega Cap Growth ETF by 10.6% in the first quarter. Wealthfront Advisers LLC now owns 69,764 shares of the company’s stock valued at $25,634,000 after buying an additional 6,697 shares during the period. D.A. Davidson & CO. increased its stake in shares of Vanguard Mega Cap Growth ETF by 1.8% in the 1st quarter. D.A. Davidson & CO. now owns 83,274 shares of the company’s stock valued at $30,598,000 after acquiring an additional 1,461 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Vanguard Mega Cap Growth ETF by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 31,093 shares of the company’s stock valued at $11,425,000 after acquiring an additional 379 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 1.4%

Vanguard Mega Cap Growth ETF stock opened at $88.18 on Friday. The company has a market capitalization of $33.17 billion, a PE ratio of 37.33 and a beta of 1.24. Vanguard Mega Cap Growth ETF has a 12-month low of $63.74 and a 12-month high of $92.38. The firm’s fifty day moving average is $88.18 and its 200 day moving average is $82.48.

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.