Institute for Wealth Management LLC. Grows Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Institute for Wealth Management LLC. lifted its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 25.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,987 shares of the company’s stock after buying an additional 613 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Mega Cap Growth ETF were worth $1,026,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MGK. Gateway Wealth Partners LLC raised its stake in Vanguard Mega Cap Growth ETF by 0.9% during the third quarter. Gateway Wealth Partners LLC now owns 3,361 shares of the company’s stock valued at $1,082,000 after purchasing an additional 31 shares in the last quarter. Strategic Blueprint LLC raised its stake in Vanguard Mega Cap Growth ETF by 2.2% during the third quarter. Strategic Blueprint LLC now owns 1,933 shares of the company’s stock valued at $622,000 after purchasing an additional 42 shares in the last quarter. First Financial Bankshares Inc raised its stake in Vanguard Mega Cap Growth ETF by 6.0% during the third quarter. First Financial Bankshares Inc now owns 778 shares of the company’s stock valued at $250,000 after purchasing an additional 44 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Vanguard Mega Cap Growth ETF by 5.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 917 shares of the company’s stock valued at $315,000 after purchasing an additional 46 shares in the last quarter. Finally, Trilogy Capital Inc. raised its stake in Vanguard Mega Cap Growth ETF by 7.4% during the third quarter. Trilogy Capital Inc. now owns 730 shares of the company’s stock valued at $235,000 after purchasing an additional 50 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 0.5 %

Vanguard Mega Cap Growth ETF stock opened at $348.18 on Friday. The company has a market cap of $23.05 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. The firm’s fifty day moving average is $347.78 and its 200 day moving average is $328.04. Vanguard Mega Cap Growth ETF has a 52-week low of $265.99 and a 52-week high of $358.61.

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.