Kovack Advisors Inc. Reduces Holdings in Vanguard Mega Cap Growth ETF $MGK

Kovack Advisors Inc. reduced its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 38.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,590 shares of the company’s stock after selling 3,420 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $2,047,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MGK. Brighton Jones LLC increased its holdings in Vanguard Mega Cap Growth ETF by 139.5% during the 4th quarter. Brighton Jones LLC now owns 1,509 shares of the company’s stock valued at $518,000 after acquiring an additional 879 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF during the 1st quarter valued at about $217,000. Koshinski Asset Management Inc. increased its holdings in Vanguard Mega Cap Growth ETF by 1.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 2,698 shares of the company’s stock valued at $833,000 after acquiring an additional 39 shares in the last quarter. Rossby Financial LCC purchased a new position in Vanguard Mega Cap Growth ETF during the 1st quarter valued at about $67,000. Finally, Arlington Trust Co LLC purchased a new position in Vanguard Mega Cap Growth ETF during the 1st quarter valued at about $62,000.

Vanguard Mega Cap Growth ETF Trading Down 1.5%

NYSEARCA:MGK opened at $419.54 on Friday. The firm has a 50-day moving average price of $399.28 and a two-hundred day moving average price of $368.33. Vanguard Mega Cap Growth ETF has a twelve month low of $262.65 and a twelve month high of $426.80. The company has a market capitalization of $32.52 billion, a P/E ratio of 37.33 and a beta of 1.18.

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.