Foundations Investment Advisors LLC Lowers Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Foundations Investment Advisors LLC decreased its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,556 shares of the company’s stock after selling 15,939 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $19,496,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in Vanguard Mega Cap Growth ETF by 7.7% in the 2nd quarter. LPL Financial LLC now owns 960,362 shares of the company’s stock valued at $301,755,000 after buying an additional 68,840 shares during the period. Angeles Investment Advisors LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 105.4% during the 2nd quarter. Angeles Investment Advisors LLC now owns 887,190 shares of the company’s stock worth $278,764,000 after purchasing an additional 455,250 shares during the period. Angeles Wealth Management LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 8.1% during the 2nd quarter. Angeles Wealth Management LLC now owns 454,071 shares of the company’s stock worth $142,674,000 after purchasing an additional 33,981 shares during the period. Comerica Bank grew its holdings in shares of Vanguard Mega Cap Growth ETF by 325.4% during the 2nd quarter. Comerica Bank now owns 359,241 shares of the company’s stock worth $112,877,000 after purchasing an additional 274,801 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 4,572.4% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 295,760 shares of the company’s stock worth $92,931,000 after purchasing an additional 289,430 shares during the period.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA:MGK opened at $329.55 on Tuesday. Vanguard Mega Cap Growth ETF has a 1 year low of $218.10 and a 1 year high of $330.36. The stock has a market capitalization of $21.81 billion, a P/E ratio of 42.92 and a beta of 1.28. The stock has a 50-day simple moving average of $316.40 and a 200-day simple moving average of $304.91.

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.