Raymond James Trust N.A. Lowers Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Raymond James Trust N.A. reduced its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 45.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,835 shares of the company’s stock after selling 3,163 shares during the period. Raymond James Trust N.A.’s holdings in Vanguard Mega Cap Growth ETF were worth $1,235,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MGK. Russell Investments Group Ltd. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the first quarter worth about $533,000. Vanguard Group Inc. raised its position in Vanguard Mega Cap Growth ETF by 18.8% during the first quarter. Vanguard Group Inc. now owns 8,008 shares of the company’s stock valued at $2,295,000 after purchasing an additional 1,268 shares during the period. Tidal Investments LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the first quarter valued at approximately $1,167,000. Comerica Bank raised its position in Vanguard Mega Cap Growth ETF by 1.0% during the first quarter. Comerica Bank now owns 84,440 shares of the company’s stock valued at $24,201,000 after purchasing an additional 864 shares during the period. Finally, Pineridge Advisors LLC raised its position in Vanguard Mega Cap Growth ETF by 115.7% during the first quarter. Pineridge Advisors LLC now owns 151 shares of the company’s stock valued at $43,000 after purchasing an additional 81 shares during the period.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK stock opened at $335.89 on Monday. Vanguard Mega Cap Growth ETF has a 1 year low of $246.18 and a 1 year high of $342.22. The stock’s 50 day simple moving average is $326.50 and its two-hundred day simple moving average is $313.86. The company has a market cap of $22.23 billion, a PE 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.