Prime Capital Investment Advisors LLC Has $110.43 Million Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Prime Capital Investment Advisors LLC lowered its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 321,569 shares of the company’s stock after selling 15,905 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for approximately 1.6% of Prime Capital Investment Advisors LLC’s investment portfolio, making the stock its 15th largest position. Prime Capital Investment Advisors LLC owned approximately 0.49% of Vanguard Mega Cap Growth ETF worth $110,430,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of Jackson Hole Trust bought a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth about $27,000. 1620 Investment Advisors Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $30,000. Mainstream Capital Management LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $31,000. Copley Financial Group Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 3rd quarter valued at $33,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in Vanguard Mega Cap Growth ETF during the fourth quarter worth $40,000.

Vanguard Mega Cap Growth ETF Stock Down 2.7 %

MGK stock opened at $308.50 on Friday. The company’s fifty day simple moving average is $337.07 and its 200 day simple moving average is $335.48. Vanguard Mega Cap Growth ETF has a 12-month low of $266.99 and a 12-month high of $358.64. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of 35.83 and a beta of 1.15.

Vanguard Mega Cap Growth ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a dividend of $0.3397 per share. This is a positive change from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31. The ex-dividend date is Thursday, March 27th.

Vanguard Mega Cap Growth ETF Company 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.