Focus Financial Network Inc. Trims Stock Holdings in Vanguard Mega Cap Growth ETF $MGK

Focus Financial Network Inc. reduced its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 4.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,903 shares of the company’s stock after selling 88 shares during the period. Focus Financial Network Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MGK. Brighton Jones LLC raised its holdings in Vanguard Mega Cap Growth ETF by 139.5% in the 4th quarter. Brighton Jones LLC now owns 1,509 shares of the company’s stock valued at $518,000 after buying an additional 879 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Vanguard Mega Cap Growth ETF by 2,175.0% during the fourth quarter. BNP Paribas Financial Markets now owns 455 shares of the company’s stock worth $156,000 after purchasing an additional 435 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth about $266,000. Orin Green Financial LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth about $204,000. Finally, WNY Asset Management LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 36.6% during the fourth quarter. WNY Asset Management LLC now owns 8,105 shares of the company’s stock worth $2,783,000 after purchasing an additional 2,172 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK opened at $402.39 on Friday. The stock has a market capitalization of $29.85 billion, a PE ratio of 37.33 and a beta of 1.11. Vanguard Mega Cap Growth ETF has a 1 year low of $262.65 and a 1 year high of $402.51. The company’s 50-day simple moving average is $383.97 and its 200-day simple moving average is $348.44.

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.