Vanguard Mega Cap Growth ETF $MGK Shares Bought by Clarus Wealth Advisors

Clarus Wealth Advisors lifted its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 147.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 135,598 shares of the company’s stock after buying an additional 80,874 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for about 4.3% of Clarus Wealth Advisors’ holdings, making the stock its 5th biggest holding. Clarus Wealth Advisors’ holdings in Vanguard Mega Cap Growth ETF were worth $11,861,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MGK. Cassaday & Co Wealth Management LLC increased its holdings in shares of Vanguard Mega Cap Growth ETF by 1.3% during the first 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 during the period. Morgan Stanley grew its stake in 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 valued at $1,094,325,000 after acquiring an additional 277,446 shares in the last quarter. Captrust Financial Advisors raised its holdings 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 worth $611,042,000 after acquiring an additional 15,432 shares in the last quarter. LPL Financial LLC boosted its position in 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 during the last quarter. Finally, UBS Group AG grew its stake in Vanguard Mega Cap Growth ETF by 12.6% in 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 Stock Performance

NYSEARCA:MGK opened at $89.04 on Wednesday. The company has a market capitalization of $33.50 billion, a P/E ratio of 37.33 and a beta of 1.24. The stock’s 50 day moving average price is $88.03 and its 200 day moving average price is $84.11. 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.