Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sees Unusually-High Trading Volume – Here’s Why

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) saw unusually-high trading volume on Thursday . Approximately 1,019,576 shares changed hands during trading, an increase of 197% from the previous session’s volume of 343,089 shares.The stock last traded at $340.60 and had previously closed at $340.34.

Vanguard Mega Cap Growth ETF Price Performance

The business has a 50 day simple moving average of $322.61 and a 200 day simple moving average of $310.91. The stock has a market cap of $22.43 billion, a PE ratio of 42.92 and a beta of 1.28.

Hedge Funds Weigh In On Vanguard Mega Cap Growth ETF

A number of institutional investors have recently made changes to their positions in the business. Gateway Wealth Partners LLC increased its holdings in Vanguard Mega Cap Growth ETF by 0.9% in the 3rd quarter. Gateway Wealth Partners LLC now owns 3,361 shares of the company’s stock valued at $1,082,000 after buying an additional 31 shares during the period. CGN Advisors LLC raised its position in Vanguard Mega Cap Growth ETF by 5.4% in the second quarter. CGN Advisors LLC now owns 796 shares of the company’s stock worth $250,000 after purchasing an additional 41 shares in the last quarter. Csenge Advisory Group boosted its holdings in Vanguard Mega Cap Growth ETF by 0.9% during the second quarter. Csenge Advisory Group now owns 4,574 shares of the company’s stock valued at $1,437,000 after purchasing an additional 42 shares in the last quarter. Strategic Blueprint LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 2.2% in the 3rd quarter. Strategic Blueprint LLC now owns 1,933 shares of the company’s stock worth $622,000 after purchasing an additional 42 shares during the last quarter. Finally, First Financial Bankshares Inc grew its position in Vanguard Mega Cap Growth ETF by 6.0% during the 3rd quarter. First Financial Bankshares Inc now owns 778 shares of the company’s stock worth $250,000 after acquiring an additional 44 shares during the last quarter.

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.