RFP Financial Group LLC Decreases Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

RFP Financial Group LLC lowered its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 7.6% in the 4th quarter, Holdings Channel reports. The firm owned 110,085 shares of the company’s stock after selling 9,037 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for approximately 14.7% of RFP Financial Group LLC’s portfolio, making the stock its largest position. RFP Financial Group LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $37,805,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter worth $33,000. Copley Financial Group Inc. purchased a new position in Vanguard Mega Cap Growth ETF during the third quarter worth about $33,000. Riggs Asset Managment Co. Inc. bought a new position in Vanguard Mega Cap Growth ETF in the 4th quarter worth about $40,000. Bfsg LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 386.7% in the 3rd quarter. Bfsg LLC now owns 146 shares of the company’s stock valued at $47,000 after acquiring an additional 116 shares in the last quarter. Finally, Valley National Advisers Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF during the 3rd quarter valued at about $55,000.

Vanguard Mega Cap Growth ETF Trading Down 1.2 %

Shares of NYSEARCA MGK opened at $348.69 on Friday. The business has a 50-day moving average of $348.91 and a 200-day moving average of $329.28. The firm has a market capitalization of $23.08 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 12 month low of $266.99 and a 12 month high of $358.61.

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.