Hershey Financial Advisers LLC Makes New Investment in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Hershey Financial Advisers LLC purchased a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 4th quarter, Holdings Channel.com reports. The fund purchased 5,340 shares of the company’s stock, valued at approximately $1,834,000. Vanguard Mega Cap Growth ETF accounts for about 1.6% of Hershey Financial Advisers LLC’s investment portfolio, making the stock its 17th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of MGK. Great Valley Advisor Group Inc. raised its stake in shares of Vanguard Mega Cap Growth ETF by 37.4% during the third quarter. Great Valley Advisor Group Inc. now owns 2,236 shares of the company’s stock valued at $720,000 after acquiring an additional 609 shares during the last quarter. Palisade Asset Management LLC bought a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter valued at about $277,000. Lane & Associates LLC bought a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter valued at about $393,000. Centaurus Financial Inc. raised its stake in shares of Vanguard Mega Cap Growth ETF by 13.7% during the third quarter. Centaurus Financial Inc. now owns 25,985 shares of the company’s stock valued at $8,366,000 after acquiring an additional 3,128 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Vanguard Mega Cap Growth ETF by 3.8% during the third quarter. Fisher Asset Management LLC now owns 10,415 shares of the company’s stock valued at $3,353,000 after acquiring an additional 381 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.6 %

Shares of NYSEARCA:MGK opened at $316.70 on Monday. The company has a market cap of $23.21 billion, a price-to-earnings ratio of 36.87 and a beta of 1.15. The company has a 50-day moving average price of $339.38 and a 200-day moving average price of $335.36. Vanguard Mega Cap Growth ETF has a 12 month low of $266.99 and a 12 month high of $358.64.

Vanguard Mega Cap Growth ETF 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.