Global Wealth Strategies & Associates Buys Shares of 105 Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Global Wealth Strategies & Associates purchased a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the first quarter, HoldingsChannel.com reports. The fund purchased 105 shares of the company’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also modified their holdings of MGK. Envestnet Portfolio Solutions Inc. bought a new stake in Vanguard Mega Cap Growth ETF in the 3rd quarter valued at about $8,398,000. Robertson Stephens Wealth Management LLC increased its stake in Vanguard Mega Cap Growth ETF by 6.6% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 10,256 shares of the company’s stock worth $2,327,000 after purchasing an additional 631 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 2.8% during the third quarter. LPL Financial LLC now owns 737,859 shares of the company’s stock valued at $167,420,000 after acquiring an additional 20,111 shares during the period. Mariner LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 11.8% in the third quarter. Mariner LLC now owns 83,290 shares of the company’s stock worth $18,898,000 after buying an additional 8,817 shares during the period. Finally, Stifel Financial Corp boosted its position in Vanguard Mega Cap Growth ETF by 139.5% during the 3rd quarter. Stifel Financial Corp now owns 89,917 shares of the company’s stock worth $20,405,000 after acquiring an additional 52,366 shares during the period.

Vanguard Mega Cap Growth ETF Stock Down 0.2 %

Shares of NYSEARCA:MGK traded down $0.59 during trading on Tuesday, reaching $315.06. 136,762 shares of the company traded hands, compared to its average volume of 315,187. Vanguard Mega Cap Growth ETF has a 1-year low of $218.10 and a 1-year high of $317.02. The firm has a fifty day simple moving average of $289.00 and a 200 day simple moving average of $277.81. The firm has a market cap of $20.85 billion, a P/E ratio of 42.92 and a beta of 1.28.

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.