Vanguard Mega Cap Growth ETF (MGK) Launches 5-for-1 Stock Split

AI Summary

The Vanguard Mega Cap Growth ETF (MGK) will undergo a 5-for-1 stock split on April 21, increasing the number of outstanding shares while reducing the share price from approximately $410 to $82 per share post-split. As of March 27, the ETF was down 13.9% year-to-date, but as of April 16, it has since improved, now down just 0.7% YTD. This ETF has outperformed the S&P 500 over the last decade, achieving a total return of 427% compared to the S&P 500's 301.2%. The passive management structure allows for a low expense ratio of 0.05%.