Riggs Capital Management LLC Invests $209,000 in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Riggs Capital Management LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 4th quarter, HoldingsChannel.com reports. The firm bought 609 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 12.7% during the third quarter. FMR LLC now owns 23,961 shares of the company’s stock valued at $7,714,000 after purchasing an additional 2,704 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 11.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,339 shares of the company’s stock valued at $460,000 after buying an additional 137 shares in the last quarter. Amara Financial LLC. grew its position in Vanguard Mega Cap Growth ETF by 4.7% in the fourth quarter. Amara Financial LLC. now owns 70,704 shares of the company’s stock valued at $24,280,000 after acquiring an additional 3,147 shares during the period. Wedmont Private Capital raised its stake in Vanguard Mega Cap Growth ETF by 8.6% during the fourth quarter. Wedmont Private Capital now owns 811 shares of the company’s stock worth $276,000 after acquiring an additional 64 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings 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 acquiring an additional 21,417 shares during the period.

Vanguard Mega Cap Growth ETF Stock Performance

Vanguard Mega Cap Growth ETF stock opened at $308.50 on Monday. Vanguard Mega Cap Growth ETF has a 52 week low of $266.99 and a 52 week high of $358.64. The firm has a market cap of $22.49 billion, a P/E ratio of 35.83 and a beta of 1.15. The business’s fifty day moving average is $337.07 and its two-hundred day moving average is $335.87.

Vanguard Mega Cap Growth ETF Increases Dividend

The business also recently disclosed 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 is Thursday, March 27th. This is a positive change from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31.

Vanguard Mega Cap Growth ETF Company 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.