Envestnet Asset Management Inc. Has $242.35 Million Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Envestnet Asset Management Inc. lessened its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 705,720 shares of the company’s stock after selling 53,424 shares during the period. Envestnet Asset Management Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $242,351,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MGK. KCM Investment Advisors LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the 4th quarter worth $209,000. Quantum Capital Management LLC NJ lifted its position in Vanguard Mega Cap Growth ETF by 1.0% during the fourth quarter. Quantum Capital Management LLC NJ now owns 13,291 shares of the company’s stock worth $4,564,000 after purchasing an additional 126 shares during the period. Thoroughbred Financial Services LLC grew its stake in Vanguard Mega Cap Growth ETF by 18.7% during the fourth quarter. Thoroughbred Financial Services LLC now owns 837 shares of the company’s stock worth $287,000 after buying an additional 132 shares in the last quarter. World Investment Advisors increased its holdings in Vanguard Mega Cap Growth ETF by 31.1% in the 4th quarter. World Investment Advisors now owns 10,295 shares of the company’s stock valued at $3,535,000 after buying an additional 2,443 shares during the period. Finally, Huntington National Bank raised its position in shares of Vanguard Mega Cap Growth ETF by 45.6% in the 4th quarter. Huntington National Bank now owns 1,379 shares of the company’s stock valued at $474,000 after buying an additional 432 shares in the last quarter.

Vanguard Mega Cap Growth ETF Trading Down 6.0 %

Shares of Vanguard Mega Cap Growth ETF stock opened at $277.82 on Monday. The company has a 50 day moving average of $332.04 and a 200-day moving average of $335.44. The company has a market cap of $20.25 billion, a PE ratio of 35.83 and a beta of 1.15. Vanguard Mega Cap Growth ETF has a 1-year low of $266.99 and a 1-year high of $358.64.

Vanguard Mega Cap Growth ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.3397 dividend. The ex-dividend date was Thursday, March 27th. This is an increase from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31.

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.