Rik Saylor Financial Inc. raised its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK – Free Report) by 399.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 30,025 shares of the company’s stock after acquiring an additional 24,012 shares during the period. Vanguard Mega Cap Growth ETF comprises about 1.7% of Rik Saylor Financial Inc.’s portfolio, making the stock its 19th largest holding. Rik Saylor Financial Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $2,640,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Praetorian Wealth Management Inc. increased its holdings in shares of Vanguard Mega Cap Growth ETF by 407.9% in the second quarter. Praetorian Wealth Management Inc. now owns 855,232 shares of the company’s stock worth $75,183,000 after buying an additional 686,835 shares during the period. Blue Edge Capital LLC bought a new position in Vanguard Mega Cap Growth ETF during the 2nd quarter worth approximately $36,035,000. Beacon Capital Management LLC grew its position in Vanguard Mega Cap Growth ETF by 292.1% during the 2nd quarter. Beacon Capital Management LLC now owns 530,802 shares of the company’s stock worth $46,663,000 after acquiring an additional 395,439 shares during the last quarter. FC Advisory LLC increased its stake in Vanguard Mega Cap Growth ETF by 392.2% in the 2nd quarter. FC Advisory LLC now owns 459,040 shares of the company’s stock worth $40,354,000 after purchasing an additional 365,775 shares during the period. Finally, Morgan Stanley increased its stake in Vanguard Mega Cap Growth ETF by 11.7% in the 4th 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 period.
Vanguard Mega Cap Growth ETF Stock Performance
Shares of MGK stock opened at $90.67 on Friday. The company has a market capitalization of $34.11 billion, a P/E ratio of 37.33 and a beta of 1.24. Vanguard Mega Cap Growth ETF has a fifty-two week low of $70.32 and a fifty-two week high of $92.38. The stock has a 50 day moving average price of $88.24 and a two-hundred day moving average price of $84.29.
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.
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