Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sees Large Volume Increase – Here’s Why

Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) saw unusually-strong trading volume on Thursday . Approximately 1,019,576 shares changed hands during trading, an increase of 197% from the previous session’s volume of 343,089 shares.The stock last traded at $340.60 and had previously closed at $340.34.

Vanguard Mega Cap Growth ETF Price Performance

The firm’s 50 day moving average price is $323.93 and its two-hundred day moving average price is $311.47. The stock has a market cap of $21.91 billion, a PE ratio of 42.92 and a beta of 1.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. VitalStone Financial LLC grew its holdings in Vanguard Mega Cap Growth ETF by 1,738.5% during the 2nd quarter. VitalStone Financial LLC now owns 478 shares of the company’s stock valued at $150,000 after buying an additional 452 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Vanguard Mega Cap Growth ETF during the 1st quarter worth approximately $533,000. Tidal Investments LLC purchased a new stake in Vanguard Mega Cap Growth ETF in the 1st quarter worth approximately $1,167,000. Oppenheimer & Co. Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 13.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 1,015 shares of the company’s stock worth $291,000 after purchasing an additional 122 shares in the last quarter. Finally, Black Diamond Financial LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 2.9% in the 2nd quarter. Black Diamond Financial LLC now owns 139,636 shares of the company’s stock valued at $43,875,000 after purchasing an additional 3,911 shares during the period.

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.