Vanguard Mega Cap Growth ETF $MGK Shares Purchased by Royal Bank of Canada

Royal Bank of Canada increased its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 466,332 shares of the company’s stock after purchasing an additional 9,145 shares during the period. Royal Bank of Canada’s holdings in Vanguard Mega Cap Growth ETF were worth $171,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MGK. Ancora Advisors LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 88.6% in the third quarter. Ancora Advisors LLC now owns 66 shares of the company’s stock valued at $27,000 after purchasing an additional 31 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter valued at about $32,000. Costello Asset Management INC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 116.3% in the 4th quarter. Costello Asset Management INC now owns 93 shares of the company’s stock valued at $39,000 after buying an additional 50 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 350.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $41,000 after buying an additional 77 shares during the period. Finally, Birchbrook Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $43,000.

Vanguard Mega Cap Growth ETF Stock Down 1.6%

Shares of MGK opened at $83.11 on Thursday. The company has a market capitalization of $31.27 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. Vanguard Mega Cap Growth ETF has a 52 week low of $70.32 and a 52 week high of $92.38. The stock’s 50-day moving average price is $87.69 and its 200-day moving average price is $82.66.

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.