Breakwater Investment Management Trims Stock Position in Vanguard Mega Cap Growth ETF $MGK

Breakwater Investment Management trimmed its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,669 shares of the company’s stock after selling 900 shares during the period. Vanguard Mega Cap Growth ETF makes up 1.8% of Breakwater Investment Management’s investment portfolio, making the stock its 17th largest holding. Breakwater Investment Management’s holdings in Vanguard Mega Cap Growth ETF were worth $4,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of MGK. Safe Harbor Fiduciary LLC acquired a new position in Vanguard Mega Cap Growth ETF in the first quarter valued at $32,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the first quarter worth about $32,000. Valued Wealth Advisors LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the 1st quarter valued at about $42,000. Garde Capital Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the 1st quarter valued at about $49,000. Finally, Richards Merrill & Peterson Inc. boosted its position in shares of Vanguard Mega Cap Growth ETF by 37.0% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 185 shares of the company’s stock valued at $57,000 after purchasing an additional 50 shares during the period.

Vanguard Mega Cap Growth ETF Stock Down 0.1%

NYSEARCA:MGK opened at $397.91 on Wednesday. The company has a market capitalization of $29.52 billion, a PE ratio of 37.33 and a beta of 1.11. Vanguard Mega Cap Growth ETF has a 52-week low of $262.65 and a 52-week high of $399.06. The stock’s 50 day moving average price is $382.22 and its 200 day moving average price is $347.02.

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.