Custom Index Systems LLC Decreases Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Custom Index Systems LLC cut its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 31.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,527 shares of the company’s stock after selling 2,537 shares during the quarter. Vanguard Mega Cap Growth ETF comprises about 1.0% of Custom Index Systems LLC’s investment portfolio, making the stock its 22nd biggest position. Custom Index Systems LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. VitalStone Financial LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 1,738.5% during the 2nd quarter. VitalStone Financial LLC now owns 478 shares of the company’s stock valued at $150,000 after buying an additional 452 shares during the period. Retirement Guys Formula LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the first quarter valued at approximately $249,000. Russell Investments Group Ltd. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the first quarter worth $533,000. Tidal Investments LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF in the first quarter valued at $1,167,000. Finally, Wealthspire Advisors LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 242.5% in the first quarter. Wealthspire Advisors LLC now owns 4,141 shares of the company’s stock valued at $1,187,000 after purchasing an additional 2,932 shares during the period.

Vanguard Mega Cap Growth ETF Price Performance

MGK traded up $1.48 during trading hours on Friday, reaching $328.63. 320,465 shares of the stock traded hands, compared to its average volume of 342,876. Vanguard Mega Cap Growth ETF has a fifty-two week low of $218.10 and a fifty-two week high of $331.60. The company has a market cap of $21.75 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. The firm’s fifty day simple moving average is $317.86 and its two-hundred day simple moving average is $305.96.

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.