Citizens Financial Group Inc. RI Makes New $2.40 Million Investment in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Citizens Financial Group Inc. RI purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,645 shares of the company’s stock, valued at approximately $2,404,000.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. increased its holdings in Vanguard Mega Cap Growth ETF by 3.7% during the fourth quarter. Assetmark Inc. now owns 6,890,694 shares of the company’s stock valued at $1,788,204,000 after buying an additional 248,776 shares during the last quarter. LPL Financial LLC grew its position in shares of Vanguard Mega Cap Growth ETF by 7.7% during the 2nd quarter. LPL Financial LLC now owns 960,362 shares of the company’s stock valued at $301,755,000 after acquiring an additional 68,840 shares during the period. Angeles Investment Advisors LLC increased its stake in shares of Vanguard Mega Cap Growth ETF by 105.4% in the 2nd quarter. Angeles Investment Advisors LLC now owns 887,190 shares of the company’s stock worth $278,764,000 after purchasing an additional 455,250 shares in the last quarter. Kensington Asset Management LLC raised its holdings in Vanguard Mega Cap Growth ETF by 4.5% in the 1st quarter. Kensington Asset Management LLC now owns 461,700 shares of the company’s stock worth $132,328,000 after purchasing an additional 20,000 shares during the period. Finally, Angeles Wealth Management LLC lifted its position in Vanguard Mega Cap Growth ETF by 8.1% during the second quarter. Angeles Wealth Management LLC now owns 454,071 shares of the company’s stock valued at $142,674,000 after purchasing an additional 33,981 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

NYSEARCA:MGK opened at $313.77 on Tuesday. The stock has a 50-day simple moving average of $309.60 and a two-hundred day simple moving average of $298.33. The firm has a market capitalization of $20.77 billion, a PE ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 52-week low of $218.10 and a 52-week high of $330.36.

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.