Breakwater Investment Management Has $4.64 Million Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Breakwater Investment Management cut its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,511 shares of the company’s stock after selling 704 shares during the period. Vanguard Mega Cap Growth ETF comprises approximately 1.9% of Breakwater Investment Management’s portfolio, making the stock its 14th largest position. Breakwater Investment Management’s holdings in Vanguard Mega Cap Growth ETF were worth $4,640,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Peterson Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter worth $33,000. Copley Financial Group Inc. acquired a new position in Vanguard Mega Cap Growth ETF during the 3rd quarter worth about $33,000. Bfsg LLC grew its position in shares of Vanguard Mega Cap Growth ETF by 386.7% in the 3rd quarter. Bfsg LLC now owns 146 shares of the company’s stock valued at $47,000 after buying an additional 116 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at about $48,000. Finally, Valley National Advisers Inc. bought a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $55,000.

Vanguard Mega Cap Growth ETF Price Performance

Vanguard Mega Cap Growth ETF stock opened at $346.91 on Tuesday. The firm has a market cap of $22.96 billion, a P/E ratio of 42.92 and a beta of 1.28. The stock’s 50 day moving average is $345.19 and its 200 day moving average is $326.51. Vanguard Mega Cap Growth ETF has a one year low of $261.32 and a one year high of $358.61.

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.