Fulcrum Equity Management Trims Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Fulcrum Equity Management trimmed its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 22.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,350 shares of the company’s stock after selling 1,242 shares during the quarter. Vanguard Mega Cap Growth ETF comprises approximately 1.2% of Fulcrum Equity Management’s holdings, making the stock its 23rd biggest position. Fulcrum Equity Management’s holdings in Vanguard Mega Cap Growth ETF were worth $1,024,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Asset Management LLC purchased a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $175,000. Financial Gravity Asset Management Inc. purchased a new stake in Vanguard Mega Cap Growth ETF in the 1st quarter worth approximately $74,000. Parallel Advisors LLC boosted its stake in Vanguard Mega Cap Growth ETF by 223.8% in the 1st quarter. Parallel Advisors LLC now owns 327 shares of the company’s stock worth $67,000 after purchasing an additional 226 shares during the period. ETF Portfolio Partners Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 7.2% in the 1st quarter. ETF Portfolio Partners Inc. now owns 70,150 shares of the company’s stock worth $14,346,000 after purchasing an additional 4,728 shares during the period. Finally, SouthState Corp bought a new position in Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $52,000.

Vanguard Mega Cap Growth ETF Price Performance

MGK stock opened at $239.51 on Friday. Vanguard Mega Cap Growth ETF has a 1-year low of $165.89 and a 1-year high of $245.22. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 28.50 and a beta of 1.11. The business has a 50 day simple moving average of $237.36 and a two-hundred day simple moving average of $219.79.

Vanguard Mega Cap Growth ETF 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.