Clarity Financial LLC Increases Holdings in Vanguard Mega Cap Growth ETF $MGK

Clarity Financial LLC boosted its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 80.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,621 shares of the company’s stock after purchasing an additional 32,755 shares during the period. Vanguard Mega Cap Growth ETF comprises approximately 2.9% of Clarity Financial LLC’s holdings, making the stock its 12th largest holding. Clarity Financial LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $26,958,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dogwood Wealth Management LLC bought a new position in shares of Vanguard Mega Cap Growth ETF in the 2nd quarter worth approximately $27,000. Safe Harbor Fiduciary LLC bought a new position in shares of Vanguard Mega Cap Growth ETF in the 1st quarter worth approximately $32,000. Redmont Wealth Advisors LLC bought a new position in shares of Vanguard Mega Cap Growth ETF in the 1st quarter worth approximately $32,000. Valued Wealth Advisors LLC bought a new position in shares of Vanguard Mega Cap Growth ETF in the 1st quarter worth approximately $42,000. Finally, Signaturefd LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 833.3% in the 2nd quarter. Signaturefd LLC now owns 140 shares of the company’s stock worth $51,000 after acquiring an additional 125 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA:MGK opened at $404.53 on Thursday. Vanguard Mega Cap Growth ETF has a 52-week low of $262.65 and a 52-week high of $405.86. The firm has a market capitalization of $30.01 billion, a P/E ratio of 37.33 and a beta of 1.11. The stock has a 50 day moving average price of $388.39 and a 200-day moving average price of $352.98.

Vanguard Mega Cap Growth ETF Profile

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.