Howard Capital Management Inc. Cuts Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Howard Capital Management Inc. lessened its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,612,707 shares of the company’s stock after selling 4,419 shares during the period. Vanguard Mega Cap Growth ETF makes up approximately 7.0% of Howard Capital Management Inc.’s holdings, making the stock its 3rd biggest holding. Howard Capital Management Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $553,820,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 12.7% in the 3rd quarter. FMR LLC now owns 23,961 shares of the company’s stock worth $7,714,000 after buying an additional 2,704 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 14.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,202 shares of the company’s stock worth $387,000 after buying an additional 152 shares during the period. Wedmont Private Capital lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 8.6% in the 4th quarter. Wedmont Private Capital now owns 811 shares of the company’s stock worth $276,000 after buying an additional 64 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 131.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 37,676 shares of the company’s stock worth $12,938,000 after buying an additional 21,417 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 8.5% in the 3rd quarter. Stifel Financial Corp now owns 193,618 shares of the company’s stock worth $62,340,000 after buying an additional 15,201 shares during the period.

Vanguard Mega Cap Growth ETF Trading Down 2.2 %

Shares of MGK stock opened at $347.93 on Friday. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 41.72 and a beta of 1.13. Vanguard Mega Cap Growth ETF has a twelve month low of $266.99 and a twelve month high of $358.64. The stock has a fifty day simple moving average of $349.67 and a two-hundred day simple moving average of $333.18.

Vanguard Mega Cap Growth ETF 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.