Sherman Wealth Management LLC Buys Shares of 32,514 Vanguard Mega Cap Growth ETF $MGK

Sherman Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,514 shares of the company’s stock, valued at approximately $13,421,000. Vanguard Mega Cap Growth ETF comprises about 11.6% of Sherman Wealth Management LLC’s holdings, making the stock its biggest position.

A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Vanguard Mega Cap Growth ETF by 139.5% in the fourth quarter. Brighton Jones LLC now owns 1,509 shares of the company’s stock valued at $518,000 after acquiring an additional 879 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Vanguard Mega Cap Growth ETF by 127.3% during the first quarter. AQR Capital Management LLC now owns 3,830 shares of the company’s stock worth $1,183,000 after purchasing an additional 2,145 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 1.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 107,285 shares of the company’s stock valued at $33,138,000 after purchasing an additional 1,483 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 9.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 83,322 shares of the company’s stock valued at $30,511,000 after purchasing an additional 6,999 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Vanguard Mega Cap Growth ETF by 2.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,226 shares of the company’s stock worth $449,000 after purchasing an additional 35 shares in the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK stock opened at $355.33 on Monday. The stock’s fifty day moving average price is $389.91 and its 200 day moving average price is $402.44. Vanguard Mega Cap Growth ETF has a 1-year low of $262.65 and a 1-year high of $426.80. The company has a market cap of $27.87 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18.

Vanguard Mega Cap Growth ETF Company 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.