Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Shareholders Set to Receive $0.08 Quarterly Dividend

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Monday, September 28th will be paid a dividend of $0.0765 per share on Wednesday, September 30th. This represents a $0.31 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, September 28th. This is a 8.4% decrease from Vanguard Mega Cap Growth ETF’s previous quarterly dividend of $0.0835.

Vanguard Mega Cap Growth ETF Stock Performance

NYSEARCA:MGK opened at $93.37 on Friday. The company has a market cap of $34.80 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. Vanguard Mega Cap Growth ETF has a fifty-two week low of $70.32 and a fifty-two week high of $93.76. The stock has a fifty day moving average price of $89.27 and a 200-day moving average price of $85.73.

Hedge Funds Weigh In On Vanguard Mega Cap Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Avestar Capital LLC increased its stake in Vanguard Mega Cap Growth ETF by 0.9% in the fourth quarter. Avestar Capital LLC now owns 3,450 shares of the company’s stock valued at $1,424,000 after acquiring an additional 30 shares during the last quarter. First Command Advisory Services Inc. increased its stake in shares of Vanguard Mega Cap Growth ETF by 14.0% in the 4th quarter. First Command Advisory Services Inc. now owns 554 shares of the company’s stock valued at $229,000 after purchasing an additional 68 shares during the last quarter. Endeavor Private Wealth Inc. raised its holdings in shares of Vanguard Mega Cap Growth ETF by 7.3% during the 4th quarter. Endeavor Private Wealth Inc. now owns 1,041 shares of the company’s stock worth $430,000 after buying an additional 71 shares in the last quarter. Baker Avenue Asset Management LP lifted its position in shares of Vanguard Mega Cap Growth ETF by 7.5% during the 4th quarter. Baker Avenue Asset Management LP now owns 1,316 shares of the company’s stock worth $543,000 after buying an additional 92 shares during the last quarter. Finally, Fort Sheridan Advisors LLC boosted its stake in Vanguard Mega Cap Growth ETF by 3.3% in the fourth quarter. Fort Sheridan Advisors LLC now owns 3,511 shares of the company’s stock valued at $1,449,000 after buying an additional 111 shares in 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.