MGB Wealth Management LLC Makes New Investment in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

MGB Wealth Management LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,301 shares of the company’s stock, valued at approximately $1,134,000.

Other large investors also recently modified their holdings of the company. FMR LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 12.7% in the 3rd quarter. FMR LLC now owns 23,961 shares of the company’s stock valued at $7,714,000 after buying an additional 2,704 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Vanguard Mega Cap Growth ETF by 14.5% in the third quarter. Oppenheimer & Co. Inc. now owns 1,202 shares of the company’s stock worth $387,000 after acquiring an additional 152 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Vanguard Mega Cap Growth ETF by 23.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 66,015 shares of the company’s stock valued at $21,254,000 after acquiring an additional 12,655 shares during the period. Wedmont Private Capital increased its holdings in shares of Vanguard Mega Cap Growth ETF by 8.6% during the fourth quarter. Wedmont Private Capital now owns 811 shares of the company’s stock valued at $276,000 after acquiring an additional 64 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 131.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 37,676 shares of the company’s stock worth $12,938,000 after purchasing an additional 21,417 shares during the period.

Vanguard Mega Cap Growth ETF Trading Down 0.1 %

Shares of MGK stock opened at $351.33 on Thursday. The firm has a fifty day simple moving average of $349.23 and a two-hundred day simple moving average of $330.33. Vanguard Mega Cap Growth ETF has a 12 month low of $266.99 and a 12 month high of $358.61. The firm has a market capitalization of $23.25 billion, a PE ratio of 42.92 and a beta of 1.28.

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.