Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,665 shares of the company’s stock, valued at approximately $498,000.
A number of other institutional investors have also made changes to their positions in the business. Praetorian Wealth Management Inc. raised its stake in Vanguard Mega Cap Growth ETF by 407.9% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 855,232 shares of the company’s stock valued at $75,183,000 after acquiring an additional 686,835 shares during the period. Blue Edge Capital LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF in the second quarter valued at $36,035,000. Beacon Capital Management LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 292.1% in the second quarter. Beacon Capital Management LLC now owns 530,802 shares of the company’s stock valued at $46,663,000 after purchasing an additional 395,439 shares during the period. FC Advisory LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 392.2% in the second quarter. FC Advisory LLC now owns 459,040 shares of the company’s stock valued at $40,354,000 after purchasing an additional 365,775 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Vanguard Mega Cap Growth ETF by 11.7% during the 4th quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock worth $1,094,325,000 after buying an additional 277,446 shares during the last quarter.
Vanguard Mega Cap Growth ETF Stock Performance
Shares of MGK stock opened at $90.23 on Friday. The company has a market capitalization of $33.94 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. The company has a 50-day simple moving average of $88.36 and a 200 day simple moving average of $84.33. Vanguard Mega Cap Growth ETF has a 52 week low of $70.32 and a 52 week high of $92.38.
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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