Truist Financial Corp Trims Stock Position in Vanguard Mega Cap Growth ETF $MGK

Truist Financial Corp lessened its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,398 shares of the company’s stock after selling 509 shares during the quarter. Truist Financial Corp’s holdings in Vanguard Mega Cap Growth ETF were worth $10,399,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MGK. Assetmark Inc. raised its position in shares of Vanguard Mega Cap Growth ETF by 3.5% during the 1st quarter. Assetmark Inc. now owns 7,716,979 shares of the company’s stock valued at $2,383,620,000 after buying an additional 258,515 shares during the period. Praetorian Wealth Management Inc. raised its position in shares of Vanguard Mega Cap Growth ETF by 20,186.0% during the 2nd quarter. Praetorian Wealth Management Inc. now owns 152,145 shares of the company’s stock valued at $55,710,000 after buying an additional 151,395 shares during the period. Ameriprise Financial Inc. raised its position in shares of Vanguard Mega Cap Growth ETF by 12.7% during the 1st quarter. Ameriprise Financial Inc. now owns 805,119 shares of the company’s stock valued at $248,910,000 after buying an additional 90,984 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the 1st quarter valued at approximately $24,178,000. Finally, Private Advisor Group LLC increased its holdings in Vanguard Mega Cap Growth ETF by 253.4% in the 1st quarter. Private Advisor Group LLC now owns 25,685 shares of the company’s stock valued at $7,934,000 after purchasing an additional 42,433 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Vanguard Mega Cap Growth ETF stock opened at $403.68 on Friday. Vanguard Mega Cap Growth ETF has a fifty-two week low of $262.65 and a fifty-two week high of $406.88. The firm has a 50 day moving average price of $389.42 and a 200 day moving average price of $354.51. The company has a market capitalization of $30.92 billion, a PE ratio of 37.33 and a beta of 1.11.

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.