Royal Fund Management LLC Sells 2,236 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Royal Fund Management LLC lowered its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,430 shares of the company’s stock after selling 2,236 shares during the period. Vanguard Mega Cap Growth ETF makes up 1.5% of Royal Fund Management LLC’s holdings, making the stock its 11th biggest holding. Royal Fund Management LLC owned 0.07% of Vanguard Mega Cap Growth ETF worth $15,693,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. grew its position in Vanguard Mega Cap Growth ETF by 3.8% in the third quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock valued at $2,399,580,000 after acquiring an additional 271,905 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 2.1% during the third quarter. Cassaday & Co Wealth Management LLC now owns 3,574,349 shares of the company’s stock worth $1,150,762,000 after purchasing an additional 74,966 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Vanguard Mega Cap Growth ETF by 756.3% during the third quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock worth $513,465,000 after purchasing an additional 1,408,609 shares during the last quarter. World Investment Advisors LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 36,249.8% during the third quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock worth $204,331,000 after purchasing an additional 632,921 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Vanguard Mega Cap Growth ETF by 0.5% during the third quarter. PNC Financial Services Group Inc. now owns 566,062 shares of the company’s stock worth $182,244,000 after purchasing an additional 2,623 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 1.4 %

NYSEARCA:MGK opened at $346.91 on Tuesday. The stock has a market cap of $22.96 billion, a P/E ratio of 42.92 and a beta of 1.28. The stock’s 50-day moving average is $345.19 and its 200-day moving average is $326.51. Vanguard Mega Cap Growth ETF has a 1-year low of $261.32 and a 1-year high of $358.61.

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.