Concurrent Investment Advisors LLC Acquires 1,149 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Concurrent Investment Advisors LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 3.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 35,964 shares of the company’s stock after acquiring an additional 1,149 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $11,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. PSI Advisors LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the 2nd quarter valued at $25,000. Rothschild Investment LLC bought a new position in Vanguard Mega Cap Growth ETF in the 2nd quarter worth $31,000. Redmont Wealth Advisors LLC bought a new stake in Vanguard Mega Cap Growth ETF during the second quarter valued at about $35,000. Trifecta Capital Advisors LLC bought a new position in shares of Vanguard Mega Cap Growth ETF in the second quarter worth about $45,000. Finally, Bfsg LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 386.7% in the 3rd quarter. Bfsg LLC now owns 146 shares of the company’s stock worth $47,000 after purchasing an additional 116 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of Vanguard Mega Cap Growth ETF stock traded up $4.32 on Wednesday, hitting $329.99. 88,140 shares of the company traded hands, compared to its average volume of 338,953. The business has a 50-day simple moving average of $319.22 and a 200 day simple moving average of $308.44. Vanguard Mega Cap Growth ETF has a 52 week low of $236.36 and a 52 week high of $332.63. The stock has a market capitalization of $21.84 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.