Davidson Investment Advisors Reduces Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Davidson Investment Advisors reduced its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 850 shares of the company’s stock after selling 110 shares during the period. Davidson Investment Advisors’ holdings in Vanguard Mega Cap Growth ETF were worth $292,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MGK. Peterson Financial Group Inc. purchased a new position in Vanguard Mega Cap Growth ETF in the third quarter valued at about $33,000. Copley Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF in the 3rd quarter valued at approximately $33,000. Riggs Asset Managment Co. Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter valued at approximately $40,000. Pittenger & Anderson Inc. grew its position in shares of Vanguard Mega Cap Growth ETF by 25.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 150 shares of the company’s stock worth $52,000 after buying an additional 30 shares in the last quarter. Finally, Valley National Advisers Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter worth $55,000.

Vanguard Mega Cap Growth ETF Price Performance

MGK opened at $357.43 on Tuesday. The stock has a market capitalization of $23.66 billion, a PE 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. The firm’s fifty day moving average price is $349.59 and its 200 day moving average price is $331.67.

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.