Anchor Investment Management LLC Decreases Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Anchor Investment Management LLC trimmed its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 10.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 868 shares of the company’s stock after selling 100 shares during the period. Anchor Investment Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $279,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in shares of Vanguard Mega Cap Growth ETF by 3.8% during 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 in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 2.1% in the third quarter. Cassaday & Co Wealth Management LLC now owns 3,574,349 shares of the company’s stock valued at $1,150,762,000 after purchasing an additional 74,966 shares during the last quarter. Captrust Financial Advisors grew its stake in Vanguard Mega Cap Growth ETF by 756.3% during the 3rd quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock valued at $513,465,000 after purchasing an additional 1,408,609 shares in the last quarter. LPL Financial LLC increased its holdings in Vanguard Mega Cap Growth ETF by 7.7% during the 2nd quarter. LPL Financial LLC now owns 960,362 shares of the company’s stock worth $301,755,000 after purchasing an additional 68,840 shares during the last quarter. Finally, Angeles Investment Advisors LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 105.4% in the 2nd quarter. Angeles Investment Advisors LLC now owns 887,190 shares of the company’s stock valued at $278,764,000 after purchasing an additional 455,250 shares in the last quarter.

Vanguard Mega Cap Growth ETF Trading Down 0.1 %

MGK stock opened at $353.96 on Friday. The firm has a 50 day simple moving average of $334.82 and a 200-day simple moving average of $319.30. The company has a market capitalization of $23.43 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a twelve month low of $250.79 and a twelve month high of $356.76.

Vanguard Mega Cap Growth ETF 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.