Concurrent Investment Advisors LLC Grows Position in Vanguard Mega Cap Growth ETF $MGK

Concurrent Investment Advisors LLC boosted its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 328.2% during the 2nd quarter, Holdings Channel reports. The fund owned 236,260 shares of the company’s stock after buying an additional 181,082 shares during the period. Concurrent Investment Advisors LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $20,770,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 1.3% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 3,719,368 shares of the company’s stock valued at $1,366,645,000 after purchasing an additional 48,165 shares in the last quarter. Morgan Stanley lifted its position in shares of 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. Captrust Financial Advisors boosted its stake in shares of Vanguard Mega Cap Growth ETF by 0.9% during the second quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock valued at $611,042,000 after purchasing an additional 15,432 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 0.4% during the fourth quarter. LPL Financial LLC now owns 1,173,852 shares of the company’s stock valued at $484,531,000 after purchasing an additional 5,134 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Vanguard Mega Cap Growth ETF by 12.6% during the third quarter. UBS Group AG now owns 1,090,923 shares of the company’s stock valued at $439,009,000 after purchasing an additional 122,275 shares in the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA MGK opened at $90.67 on Friday. Vanguard Mega Cap Growth ETF has a 1-year low of $70.32 and a 1-year high of $92.38. The business has a fifty day moving average price of $88.24 and a 200 day moving average price of $84.29. The stock has a market capitalization of $34.11 billion, a P/E ratio of 37.33 and a beta of 1.24.

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.