Fingerlakes Wealth Management Inc. Purchases 1,624 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Fingerlakes Wealth Management Inc. raised its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 6.5% in the fourth quarter, HoldingsChannel reports. The fund owned 26,636 shares of the company’s stock after purchasing an additional 1,624 shares during the quarter. Vanguard Mega Cap Growth ETF makes up approximately 7.4% of Fingerlakes Wealth Management Inc.’s holdings, making the stock its largest holding. Fingerlakes Wealth Management Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $9,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter valued at $27,000. Peterson Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter valued at about $33,000. Copley Financial Group Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $33,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth about $40,000. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Vanguard Mega Cap Growth ETF by 25.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 150 shares of the company’s stock worth $52,000 after acquiring an additional 30 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

MGK stock opened at $357.48 on Thursday. The business has a 50-day simple moving average of $349.75 and a two-hundred day simple moving average of $332.28. The company has a market capitalization of $26.25 billion, a P/E ratio of 41.72 and a beta of 1.13. Vanguard Mega Cap Growth ETF has a 52-week low of $266.99 and a 52-week high of $358.64.

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.