Cornerstone Wealth Group LLC Purchases New Stake in Vanguard Mega Cap Growth ETF $MGK

Cornerstone Wealth Group LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,685 shares of the company’s stock, valued at approximately $3,191,000.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in Vanguard Mega Cap Growth ETF by 1.0% during the fourth quarter. Assetmark Inc. now owns 8,590,832 shares of the company’s stock valued at $3,546,038,000 after purchasing an additional 87,636 shares during the last quarter. Morgan Stanley raised its holdings in shares of Vanguard Mega Cap Growth ETF by 11.7% during the fourth 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 lifted its position in shares of Vanguard Mega Cap Growth ETF by 0.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock worth $611,042,000 after buying an additional 15,432 shares during the last quarter. LPL Financial LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 0.4% in the 4th quarter. LPL Financial LLC now owns 1,173,852 shares of the company’s stock worth $484,531,000 after buying an additional 5,134 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Vanguard Mega Cap Growth ETF by 0.8% in the 4th quarter. UBS Group AG now owns 1,100,021 shares of the company’s stock worth $454,056,000 after buying an additional 9,098 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

NYSEARCA MGK opened at $84.27 on Friday. Vanguard Mega Cap Growth ETF has a one year low of $70.32 and a one year high of $92.38. The company has a 50-day simple moving average of $87.09 and a 200-day simple moving average of $81.97. The firm has a market capitalization of $6.36 billion, a PE 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.