Financial Gravity Asset Management Inc. Reduces Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Financial Gravity Asset Management Inc. decreased its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 23.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 437 shares of the company’s stock after selling 136 shares during the quarter. Financial Gravity Asset Management Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. raised its holdings in shares of Vanguard Mega Cap Growth ETF by 3.7% during the fourth quarter. Assetmark Inc. now owns 6,890,694 shares of the company’s stock valued at $1,788,204,000 after acquiring an additional 248,776 shares in the last quarter. Kensington Asset Management LLC raised its holdings in Vanguard Mega Cap Growth ETF by 4.5% in the 1st quarter. Kensington Asset Management LLC now owns 461,700 shares of the company’s stock worth $132,328,000 after purchasing an additional 20,000 shares in the last quarter. Angeles Wealth Management LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 20.7% in the 1st quarter. Angeles Wealth Management LLC now owns 420,090 shares of the company’s stock worth $120,402,000 after purchasing an additional 71,979 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 264,348 shares of the company’s stock valued at $83,061,000 after purchasing an additional 6,579 shares in the last quarter. Finally, Means Investment CO. Inc. increased its position in shares of Vanguard Mega Cap Growth ETF by 3.8% during the second quarter. Means Investment CO. Inc. now owns 254,161 shares of the company’s stock valued at $79,860,000 after buying an additional 9,391 shares during the period.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK opened at $298.65 on Friday. The company has a 50-day simple moving average of $310.81 and a two-hundred day simple moving average of $297.25. The firm has a market capitalization of $19.77 billion, a PE ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a one year low of $218.10 and a one year high of $330.36.

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.