Beacon Capital Management LLC Has $54.90 Million Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Beacon Capital Management LLC increased its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 22.6% in the first quarter, Holdings Channel.com reports. The firm owned 177,724 shares of the company’s stock after purchasing an additional 32,799 shares during the quarter. Vanguard Mega Cap Growth ETF comprises approximately 7.4% of Beacon Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Beacon Capital Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $54,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Vanguard Mega Cap Growth ETF by 18.0% during the fourth quarter. JPMorgan Chase & Co. now owns 71,583 shares of the company’s stock worth $24,582,000 after purchasing an additional 10,928 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Vanguard Mega Cap Growth ETF by 11.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,339 shares of the company’s stock valued at $460,000 after buying an additional 137 shares in the last quarter. Park Avenue Securities LLC boosted its position in Vanguard Mega Cap Growth ETF by 23.0% in the 1st quarter. Park Avenue Securities LLC now owns 1,826 shares of the company’s stock valued at $564,000 after buying an additional 341 shares during the period. BNP Paribas Financial Markets grew its stake in Vanguard Mega Cap Growth ETF by 2,175.0% in the 4th quarter. BNP Paribas Financial Markets now owns 455 shares of the company’s stock worth $156,000 after acquiring an additional 435 shares in the last quarter. Finally, Amara Financial LLC. increased its position in shares of Vanguard Mega Cap Growth ETF by 4.7% during the fourth quarter. Amara Financial LLC. now owns 70,704 shares of the company’s stock worth $24,280,000 after acquiring an additional 3,147 shares during the period.

Vanguard Mega Cap Growth ETF Stock Down 0.8%

Shares of NYSEARCA:MGK opened at $351.17 on Wednesday. The business’s 50 day moving average is $328.92 and its 200 day moving average is $334.28. The stock has a market cap of $26.19 billion, a P/E ratio of 38.23 and a beta of 1.20. Vanguard Mega Cap Growth ETF has a 52-week low of $262.65 and a 52-week high of $358.64.

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.