Kingsview Wealth Management LLC Lowers Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Kingsview Wealth Management LLC cut its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,405 shares of the company’s stock after selling 279 shares during the period. Kingsview Wealth Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $9,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PSI Advisors LLC purchased a new stake in Vanguard Mega Cap Growth ETF in the second quarter worth about $25,000. Rothschild Investment LLC purchased a new stake in Vanguard Mega Cap Growth ETF in the second quarter worth about $31,000. Peterson Financial Group Inc. purchased a new stake in Vanguard Mega Cap Growth ETF in the third quarter worth about $33,000. Redmont Wealth Advisors LLC purchased a new stake in Vanguard Mega Cap Growth ETF in the second quarter worth about $35,000. Finally, Pineridge Advisors LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 115.7% in the first quarter. Pineridge Advisors LLC now owns 151 shares of the company’s stock worth $43,000 after buying an additional 81 shares during the period.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA MGK opened at $335.80 on Friday. The company has a 50 day simple moving average of $326.08 and a two-hundred day simple moving average of $313.11. Vanguard Mega Cap Growth ETF has a fifty-two week low of $246.18 and a fifty-two week high of $342.22. The company has a market capitalization of $22.23 billion, a price-to-earnings 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.