Raab & Moskowitz Asset Management LLC Reduces Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Raab & Moskowitz Asset Management LLC decreased its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 51,633 shares of the company’s stock after selling 860 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for about 4.3% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 3rd biggest holding. Raab & Moskowitz Asset Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $17,731,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MGK. Retirement Guys Formula LLC increased its holdings in shares of Vanguard Mega Cap Growth ETF by 106.1% in the 4th quarter. Retirement Guys Formula LLC now owns 1,632 shares of the company’s stock valued at $560,000 after acquiring an additional 840 shares during the period. Leavell Investment Management Inc. boosted its position in Vanguard Mega Cap Growth ETF by 2.9% during the fourth quarter. Leavell Investment Management Inc. now owns 115,811 shares of the company’s stock valued at $39,771,000 after purchasing an additional 3,298 shares in the last quarter. Towneley Capital Management Inc DE purchased a new position in Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $226,000. Sovran Advisors LLC bought a new position in Vanguard Mega Cap Growth ETF in the fourth quarter worth about $1,874,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter valued at about $330,000.

Vanguard Mega Cap Growth ETF Stock Performance

NYSEARCA:MGK opened at $351.33 on Thursday. The company’s 50-day simple moving average is $349.23 and its 200-day simple moving average is $330.33. Vanguard Mega Cap Growth ETF has a fifty-two week low of $266.99 and a fifty-two week high of $358.61. The stock has a market capitalization of $23.25 billion, a P/E ratio of 42.92 and a beta of 1.28.

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.