Vanguard Mega Cap Growth ETF Sees $173.6 Million Outflow

In today’s analysis of week-over-week changes in shares outstanding among ETFs, the Vanguard Mega Cap Growth ETF (Symbol: MGK) stands out. This fund has experienced an outflow of approximately $173.6 million, marking a 0.8% decrease in shares outstanding—from 73,564,192 to 72,939,192.

Among the largest components within MGK, notable movements include Equinix Inc (Symbol: EQIX), which is down about 2.1%, Ecolab Inc (Symbol: ECL), off by about 3%, and Synopsys Inc (Symbol: SNPS), lower by approximately 1.1%. For a comprehensive list of holdings, please visit the MGK Holdings page.

The chart below illustrates MGK’s one-year price performance compared to its 200-day moving average:

According to the chart, MGK’s 52-week low is $262.655 per share, while the 52-week high reached $358.64. The latest trade price stands at $278.41. Evaluating the current share price against the 200-day moving average can serve as a valuable technical analysis strategy. You can learn more about the 200-day moving average on our website.

Exchange-traded funds (ETFs) function similarly to stocks; however, investors purchase and sell “units” instead of shares. These units can be traded continuously like stocks, but they may also be created or destroyed according to market demand. Each week, we monitor the changes in shares outstanding to identify ETFs with significant inflows (indicating newly created units) or outflows (indicating units that have been destroyed). The creation of new units necessitates purchasing underlying holdings, while the destruction of units requires selling these holdings. This activity can influence the individual stocks contained within the ETFs.

Click here to find out which 9 other ETFs experienced notable outflows.

See also:

• Funds Holding INFO
• Top Ten Hedge Funds Holding RENO
• AA Split History

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.