Envestnet Portfolio Solutions Inc. Sells 2,068 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 4.6% in the fourth quarter, Holdings Channel reports. The fund owned 42,461 shares of the company’s stock after selling 2,068 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $14,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of Jackson Hole Trust bought a new position in Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC bought a new position in Vanguard Mega Cap Growth ETF during the fourth quarter worth $31,000. Peterson Financial Group Inc. bought a new stake in Vanguard Mega Cap Growth ETF in the 3rd quarter valued at $33,000. Copley Financial Group Inc. acquired a new stake in Vanguard Mega Cap Growth ETF in the 3rd quarter worth $33,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter worth $40,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK opened at $315.29 on Monday. The company has a 50-day simple moving average of $342.49 and a 200-day simple moving average of $335.20. Vanguard Mega Cap Growth ETF has a 52 week low of $266.99 and a 52 week high of $358.64. The firm has a market capitalization of $23.11 billion, a P/E ratio of 36.87 and a beta of 1.15.

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.