Patten Group Inc. Lowers Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Patten Group Inc. lessened its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 3.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,099 shares of the company’s stock after selling 41 shares during the quarter. Patten Group Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MGK. Captrust Financial Advisors lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 756.3% in the third quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock worth $513,465,000 after buying an additional 1,408,609 shares in the last quarter. World Investment Advisors LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 36,249.8% in the third quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock worth $204,331,000 after buying an additional 632,921 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 34,241.0% in the fourth quarter. Proficio Capital Partners LLC now owns 393,204 shares of the company’s stock worth $135,030,000 after buying an additional 392,059 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 3.8% in the third quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock worth $2,399,580,000 after buying an additional 271,905 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF in the fourth quarter worth $82,803,000.

Vanguard Mega Cap Growth ETF Stock Performance

MGK stock opened at $328.46 on Wednesday. Vanguard Mega Cap Growth ETF has a one year low of $266.99 and a one year high of $358.64. The company’s fifty day moving average price is $348.08 and its 200-day moving average price is $335.01. The company has a market capitalization of $24.12 billion, a PE ratio of 41.72 and a beta of 1.13.

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.