Cassaday & Co Wealth Management LLC raised its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK – Free Report) by 1.3% in the first quarter, Holdings Channel.com reports. The firm owned 3,719,368 shares of the company’s stock after buying an additional 48,165 shares during the period. Vanguard Mega Cap Growth ETF comprises approximately 29.1% of Cassaday & Co Wealth Management LLC’s investment portfolio, making the stock its biggest holding. Cassaday & Co Wealth Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $1,366,645,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGK. Morgan Stanley raised its stake in shares of Vanguard Mega Cap Growth ETF by 11.7% in the fourth quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock worth $1,094,325,000 after purchasing an additional 277,446 shares during the last quarter. Fifth Third Bancorp grew its holdings in Vanguard Mega Cap Growth ETF by 75,906.0% during the first quarter. Fifth Third Bancorp now owns 226,498 shares of the company’s stock worth $83,225,000 after buying an additional 226,200 shares in the last quarter. Strategic Investment Advisors MI raised its position in Vanguard Mega Cap Growth ETF by 80,083.9% in the 4th quarter. Strategic Investment Advisors MI now owns 184,423 shares of the company’s stock valued at $76,176,000 after buying an additional 184,193 shares during the last quarter. Axxcess Wealth Management LLC raised its position in Vanguard Mega Cap Growth ETF by 2,997.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 176,625 shares of the company’s stock valued at $72,906,000 after buying an additional 170,922 shares during the last quarter. Finally, Align Financial LLC bought a new position in Vanguard Mega Cap Growth ETF during the 4th quarter valued at $66,959,000.
Vanguard Mega Cap Growth ETF Price Performance
MGK opened at $86.83 on Tuesday. Vanguard Mega Cap Growth ETF has a 1 year low of $70.32 and a 1 year high of $92.38. The company has a market capitalization of $32.67 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. The firm’s fifty day moving average price is $88.13 and its two-hundred day moving average price is $82.53.
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.
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