Falcon Wealth Planning Buys 25,094 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Falcon Wealth Planning raised its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 14.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,980 shares of the company’s stock after acquiring an additional 25,094 shares during the quarter. Vanguard Mega Cap Growth ETF makes up 6.9% of Falcon Wealth Planning’s portfolio, making the stock its 2nd biggest position. Falcon Wealth Planning’s holdings in Vanguard Mega Cap Growth ETF were worth $62,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MGK. 1620 Investment Advisors Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $30,000. Mainstream Capital Management LLC acquired a new position in Vanguard Mega Cap Growth ETF in the fourth quarter worth $31,000. Garde Capital Inc. bought a new stake in Vanguard Mega Cap Growth ETF during the first quarter valued at $49,000. Halbert Hargrove Global Advisors LLC bought a new stake in Vanguard Mega Cap Growth ETF during the fourth quarter valued at $55,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth $67,000.

Vanguard Mega Cap Growth ETF Stock Performance

Vanguard Mega Cap Growth ETF stock opened at $362.51 on Friday. Vanguard Mega Cap Growth ETF has a 1 year low of $262.65 and a 1 year high of $363.01. The firm’s 50-day moving average is $336.74 and its 200-day moving average is $334.66. The company has a market cap of $26.89 billion, a P/E ratio of 38.23 and a beta of 1.11.

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.