BluePointe Capital Management LLC Sells 854 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

BluePointe Capital Management LLC reduced its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,512 shares of the company’s stock after selling 854 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for 1.6% of BluePointe Capital Management LLC’s portfolio, making the stock its 20th biggest holding. BluePointe Capital Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $2,419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MGK. Oppenheimer & Co. Inc. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 13.7% during the first quarter. Oppenheimer & Co. Inc. now owns 1,015 shares of the company’s stock valued at $291,000 after purchasing an additional 122 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Vanguard Mega Cap Growth ETF during the first quarter valued at $533,000. HBK Sorce Advisory LLC bought a new position in shares of Vanguard Mega Cap Growth ETF during the first quarter valued at $226,000. Blair William & Co. IL lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 6.6% during the first quarter. Blair William & Co. IL now owns 29,458 shares of the company’s stock valued at $8,443,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 16.9% in the first quarter. Orion Portfolio Solutions LLC now owns 4,076 shares of the company’s stock valued at $1,168,000 after acquiring an additional 590 shares during the period.

Vanguard Mega Cap Growth ETF Stock Performance

MGK stock opened at $338.69 on Friday. Vanguard Mega Cap Growth ETF has a fifty-two week low of $245.98 and a fifty-two week high of $342.22. The business’s 50-day moving average is $323.28 and its two-hundred day moving average is $311.11. The company has a market cap of $22.42 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28.

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.