Horizon Investment Services LLC Decreases Stake in Vanguard Mega Cap Growth ETF $MGK

Horizon Investment Services LLC lessened its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,897 shares of the company’s stock after selling 388 shares during the quarter. Vanguard Mega Cap Growth ETF comprises about 1.6% of Horizon Investment Services LLC’s investment portfolio, making the stock its 20th biggest holding. Horizon Investment Services LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $3,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC bought a new position in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter valued at approximately $27,000. Harbor Asset Planning Inc. purchased a new stake in Vanguard Mega Cap Growth ETF during the second quarter valued at $28,000. Atlantic Union Bankshares Corp purchased a new stake in Vanguard Mega Cap Growth ETF during the second quarter valued at $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 1st quarter worth about $32,000. Finally, Valued Wealth Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF in the first quarter worth about $42,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA MGK opened at $409.62 on Friday. The stock has a market capitalization of $31.75 billion, a P/E ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a 1-year low of $262.65 and a 1-year high of $426.80. The business’s 50 day moving average is $402.44 and its two-hundred day moving average is $372.53.

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.