Novem Group Acquires Shares of 11,213 Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Novem Group bought a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,213 shares of the company’s stock, valued at approximately $3,851,000.

A number of other institutional investors also recently modified their holdings of MGK. Proficio Capital Partners LLC increased its position in Vanguard Mega Cap Growth ETF by 34,241.0% in the 4th quarter. Proficio Capital Partners LLC now owns 393,204 shares of the company’s stock worth $135,030,000 after purchasing an additional 392,059 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at approximately $82,803,000. Raymond James Financial Inc. bought a new position in Vanguard Mega Cap Growth ETF during the fourth quarter valued at approximately $79,888,000. LPL Financial LLC lifted its stake in Vanguard Mega Cap Growth ETF by 14.5% in the fourth quarter. LPL Financial LLC now owns 1,080,875 shares of the company’s stock valued at $371,183,000 after acquiring an additional 136,586 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Vanguard Mega Cap Growth ETF by 23.6% in the fourth quarter. Ameriprise Financial Inc. now owns 714,135 shares of the company’s stock worth $245,284,000 after acquiring an additional 136,347 shares in the last quarter.

Vanguard Mega Cap Growth ETF Trading Down 0.5%

Vanguard Mega Cap Growth ETF stock opened at $345.33 on Wednesday. The company has a market capitalization of $25.29 billion, a P/E ratio of 36.41 and a beta of 1.20. Vanguard Mega Cap Growth ETF has a 1-year low of $262.65 and a 1-year high of $358.64. The firm’s fifty day simple moving average is $312.29 and its 200-day simple moving average is $332.62.

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.