Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sees Unusually-High Trading Volume

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) saw strong trading volume on Friday . 942,724 shares changed hands during trading, an increase of 175% from the previous session’s volume of 342,771 shares.The stock last traded at $278.52 and had previously closed at $272.81.

Vanguard Mega Cap Growth ETF Trading Up 1.9 %

The stock has a market capitalization of $18.48 billion, a PE ratio of 40.90 and a beta of 1.26. The firm has a 50-day moving average price of $282.60 and a 200-day moving average price of $263.09.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Several large investors have recently added to or reduced their stakes in the company. Cerity Partners LLC bought a new position in Vanguard Mega Cap Growth ETF in the 4th quarter worth about $81,857,000. Assetmark Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 3.7% in the 4th quarter. Assetmark Inc. now owns 6,890,694 shares of the company’s stock worth $1,788,204,000 after purchasing an additional 248,776 shares during the period. American Trust boosted its stake in Vanguard Mega Cap Growth ETF by 291.7% in the 3rd quarter. American Trust now owns 221,623 shares of the company’s stock worth $50,286,000 after purchasing an additional 165,038 shares during the period. Coco Enterprises LLC bought a new position in Vanguard Mega Cap Growth ETF in the 4th quarter worth about $30,252,000. Finally, International Assets Investment Management LLC boosted its stake in Vanguard Mega Cap Growth ETF by 22,983.4% in the 4th quarter. International Assets Investment Management LLC now owns 104,106 shares of the company’s stock worth $27,017,000 after purchasing an additional 103,655 shares during the period.

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.