Royal Fund Management LLC Has $15.69 Million Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Royal Fund Management LLC reduced its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 4.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 45,430 shares of the company’s stock after selling 2,236 shares during the period. Vanguard Mega Cap Growth ETF makes up about 1.5% of Royal Fund Management LLC’s portfolio, making the stock its 11th biggest position. Royal Fund Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $15,693,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MGK. Renaissance Technologies LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF by 37.7% in the second quarter. Renaissance Technologies LLC now owns 9,500 shares of the company’s stock worth $2,985,000 after acquiring an additional 2,601 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Vanguard Mega Cap Growth ETF by 91.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,457 shares of the company’s stock valued at $772,000 after buying an additional 1,173 shares during the period. Steel Grove Capital Advisors LLC lifted its stake in Vanguard Mega Cap Growth ETF by 49.7% in the second quarter. Steel Grove Capital Advisors LLC now owns 4,881 shares of the company’s stock valued at $1,534,000 after buying an additional 1,620 shares during the period. Insigneo Advisory Services LLC acquired a new position in Vanguard Mega Cap Growth ETF in the second quarter valued at approximately $1,663,000. Finally, AQR Capital Management LLC acquired a new position in Vanguard Mega Cap Growth ETF in the second quarter valued at approximately $361,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK opened at $346.91 on Tuesday. Vanguard Mega Cap Growth ETF has a 52-week low of $261.32 and a 52-week high of $358.61. The business’s 50 day moving average price is $345.19 and its two-hundred day moving average price is $326.51. The firm has a market cap of $22.96 billion, a PE ratio of 42.92 and a beta of 1.28.

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.