Avidian Wealth Enterprises LLC Trims Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Avidian Wealth Enterprises LLC trimmed its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,888 shares of the company’s stock after selling 107 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $6,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 12.7% in the third quarter. FMR LLC now owns 23,961 shares of the company’s stock valued at $7,714,000 after acquiring an additional 2,704 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Vanguard Mega Cap Growth ETF by 14.5% during the third quarter. Oppenheimer & Co. Inc. now owns 1,202 shares of the company’s stock valued at $387,000 after purchasing an additional 152 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Vanguard Mega Cap Growth ETF by 23.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 66,015 shares of the company’s stock valued at $21,254,000 after purchasing an additional 12,655 shares during the last quarter. Wedmont Private Capital raised its holdings in Vanguard Mega Cap Growth ETF by 8.6% in the fourth quarter. Wedmont Private Capital now owns 811 shares of the company’s stock worth $276,000 after purchasing an additional 64 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 131.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 37,676 shares of the company’s stock valued at $12,938,000 after buying an additional 21,417 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

NYSEARCA:MGK opened at $351.73 on Wednesday. The company’s 50-day simple moving average is $349.22 and its 200-day simple moving average is $330.18. Vanguard Mega Cap Growth ETF has a fifty-two week low of $266.99 and a fifty-two week high of $358.61. The stock has a market capitalization of $23.28 billion, a P/E ratio of 42.92 and a beta of 1.28.

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.