Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) is Erickson Financial Group LLC’s 2nd Largest Position

Erickson Financial Group LLC cut its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.1% during the fourth quarter, HoldingsChannel reports. The fund owned 84,306 shares of the company’s stock after selling 934 shares during the quarter. Vanguard Mega Cap Growth ETF comprises about 20.6% of Erickson Financial Group LLC’s holdings, making the stock its 2nd largest position. Erickson Financial Group LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $28,952,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Tanglewood Legacy Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $69,000. Lord & Richards Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $281,000. Blue Trust Inc. grew its position in shares of Vanguard Mega Cap Growth ETF by 697.8% in the 4th quarter. Blue Trust Inc. now owns 4,436 shares of the company’s stock worth $1,523,000 after buying an additional 3,880 shares during the last quarter. Campbell Wealth Management raised its stake in shares of Vanguard Mega Cap Growth ETF by 2.4% during the 4th quarter. Campbell Wealth Management now owns 1,973 shares of the company’s stock worth $677,000 after acquiring an additional 46 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. lifted its position in Vanguard Mega Cap Growth ETF by 97.0% during the fourth quarter. DHJJ Financial Advisors Ltd. now owns 197 shares of the company’s stock valued at $67,000 after acquiring an additional 97 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.3 %

NYSEARCA MGK opened at $357.43 on Friday. Vanguard Mega Cap Growth ETF has a 12-month low of $266.99 and a 12-month high of $358.61. The firm’s fifty day simple moving average is $349.45 and its two-hundred day simple moving average is $331.11. The firm has a market capitalization of $23.66 billion, a P/E 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.