Orion Portfolio Solutions LLC Has $2.55 Million Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Orion Portfolio Solutions LLC boosted its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 68.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,418 shares of the company’s stock after buying an additional 3,020 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $2,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Jackson Hole Trust bought a new stake in Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $27,000. 1620 Investment Advisors Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $30,000. Mainstream Capital Management LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at approximately $31,000. Copley Financial Group Inc. bought a new position in Vanguard Mega Cap Growth ETF during the 3rd quarter worth approximately $33,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in Vanguard Mega Cap Growth ETF during the 4th quarter worth approximately $40,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA:MGK opened at $311.36 on Wednesday. The company has a 50 day moving average price of $335.57 and a two-hundred day moving average price of $335.81. The company has a market capitalization of $22.70 billion, a PE ratio of 35.83 and a beta of 1.15. Vanguard Mega Cap Growth ETF has a 52 week low of $266.99 and a 52 week high of $358.64.

Vanguard Mega Cap Growth ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.3397 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31.

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.