Allianz SE Acquires Shares of 767 Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Allianz SE acquired a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 4th quarter, HoldingsChannel reports. The fund acquired 767 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC boosted its stake in Vanguard Mega Cap Growth ETF by 14.5% in the 4th quarter. LPL Financial LLC now owns 1,080,875 shares of the company’s stock worth $371,183,000 after purchasing an additional 136,586 shares in the last quarter. World Investment Advisors LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 36,249.8% during the 3rd quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock valued at $204,331,000 after purchasing an additional 632,921 shares during the period. Angeles Wealth Management LLC grew its position in Vanguard Mega Cap Growth ETF by 5.3% during the fourth quarter. Angeles Wealth Management LLC now owns 518,675 shares of the company’s stock valued at $178,118,000 after buying an additional 26,072 shares during the period. Proficio Capital Partners LLC increased its stake in shares of Vanguard Mega Cap Growth ETF by 34,241.0% in the 4th quarter. Proficio Capital Partners LLC now owns 393,204 shares of the company’s stock worth $135,030,000 after purchasing an additional 392,059 shares in the last quarter. Finally, Facet Wealth Inc. increased its position in Vanguard Mega Cap Growth ETF by 1.6% in the fourth quarter. Facet Wealth Inc. now owns 295,312 shares of the company’s stock worth $102,972,000 after buying an additional 4,516 shares in the last quarter.

Vanguard Mega Cap Growth ETF Trading Down 2.7 %

NYSEARCA MGK opened at $308.50 on Monday. Vanguard Mega Cap Growth ETF has a 12 month low of $266.99 and a 12 month high of $358.64. The company’s 50 day moving average is $337.07 and its two-hundred day moving average is $335.87. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 35.83 and a beta of 1.15.

Vanguard Mega Cap Growth ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.3397 per share. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost 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.