Avidian Wealth Enterprises LLC Buys New Holdings in Vanguard Mega Cap Growth ETF $MGK

Avidian Wealth Enterprises LLC bought a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 61,352 shares of the company’s stock, valued at approximately $5,684,000.

A number of other large investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in Vanguard Mega Cap Growth ETF by 399.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,554,068 shares of the company’s stock valued at $312,423,000 after acquiring an additional 2,842,779 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF by 402.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 2,869,561 shares of the company’s stock worth $252,281,000 after purchasing an additional 2,298,377 shares during the period. Praetorian Wealth Management Inc. lifted its stake in shares of 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 worth $75,183,000 after purchasing an additional 686,835 shares during the period. Beacon Capital Management LLC boosted its holdings 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 worth $46,663,000 after buying an additional 395,439 shares during the last quarter. Finally, FC Advisory LLC increased its holdings in Vanguard Mega Cap Growth ETF by 392.2% during the second quarter. FC Advisory LLC now owns 459,040 shares of the company’s stock valued at $40,354,000 after buying an additional 365,775 shares during the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA:MGK traded down $1.23 during midday trading on Thursday, hitting $93.69. The company had a trading volume of 590,016 shares, compared to its average volume of 2,003,434. Vanguard Mega Cap Growth ETF has a 12-month low of $70.32 and a 12-month high of $95.53. The company has a fifty day moving average of $90.57 and a two-hundred day moving average of $86.73. The company has a market cap of $35.25 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24.

Vanguard Mega Cap Growth ETF 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.