Allspring Global Investments Holdings LLC Decreases Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Allspring Global Investments Holdings LLC cut its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 37.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,966 shares of the company’s stock after selling 25,049 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $14,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MGK. Assetmark Inc. increased its holdings in Vanguard Mega Cap Growth ETF by 3.8% during the third quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock valued at $2,399,580,000 after buying an additional 271,905 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its position in Vanguard Mega Cap Growth ETF by 2.1% in the third quarter. Cassaday & Co Wealth Management LLC now owns 3,574,349 shares of the company’s stock worth $1,150,762,000 after buying an additional 74,966 shares in the last quarter. Captrust Financial Advisors increased its position in Vanguard Mega Cap Growth ETF by 756.3% in the third quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock worth $513,465,000 after buying an additional 1,408,609 shares in the last quarter. World Investment Advisors LLC increased its position in Vanguard Mega Cap Growth ETF by 36,249.8% in the third quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock worth $204,331,000 after buying an additional 632,921 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Vanguard Mega Cap Growth ETF by 0.5% in the third quarter. PNC Financial Services Group Inc. now owns 566,062 shares of the company’s stock worth $182,244,000 after buying an additional 2,623 shares in the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.3 %

Vanguard Mega Cap Growth ETF stock opened at $357.43 on Tuesday. The firm has a 50 day moving average of $349.59 and a 200 day moving average of $331.67. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 12-month low of $266.99 and a 12-month high of $358.61.

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.