Vanguard Mega Cap Growth ETF $MGK Shares Newly Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 149,654 shares of the company’s stock, valued at approximately $13,865,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC lifted its stake in 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 buying an additional 48,165 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in Vanguard Mega Cap Growth ETF in the 3rd quarter worth about $397,940,000. Envestnet Asset Management Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 399.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,554,068 shares of the company’s stock worth $312,423,000 after buying an additional 2,842,779 shares during the last quarter. Angeles Wealth Management LLC increased its position in Vanguard Mega Cap Growth ETF by 402.4% during the second 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 last quarter. Finally, PNC Financial Services Group Inc. grew its position in Vanguard Mega Cap Growth ETF by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 531,713 shares of the company’s stock valued at $195,372,000 after acquiring an additional 14,064 shares during the period.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA:MGK opened at $90.52 on Wednesday. The firm has a market capitalization of $34.06 billion, a PE ratio of 37.33 and a beta of 1.24. The business has a 50-day moving average of $91.13 and a two-hundred day moving average of $85.22. Vanguard Mega Cap Growth ETF has a 12 month low of $70.32 and a 12 month high of $95.53.

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.