Avidian Wealth Enterprises LLC Buys 61,352 Shares of Vanguard Mega Cap Growth ETF $MGK

Avidian Wealth Enterprises LLC purchased a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the third quarter, Holdings Channel.com reports. The firm purchased 61,352 shares of the company’s stock, valued at approximately $5,684,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MGK. LWM Advisors Inc. raised its stake in Vanguard Mega Cap Growth ETF by 4.5% during the 3rd quarter. LWM Advisors Inc. now owns 6,192 shares of the company’s stock valued at $574,000 after purchasing an additional 265 shares during the period. Elm3 Financial Group LLC bought a new position in Vanguard Mega Cap Growth ETF in the 3rd quarter worth approximately $557,000. Baring Financial LLC boosted its stake in Vanguard Mega Cap Growth ETF by 2.0% in the 3rd quarter. Baring Financial LLC now owns 112,672 shares of the company’s stock worth $10,439,000 after purchasing an additional 2,240 shares during the period. Investors Research Corp grew its holdings in Vanguard Mega Cap Growth ETF by 24.0% during the 3rd quarter. Investors Research Corp now owns 3,462 shares of the company’s stock valued at $321,000 after buying an additional 670 shares in the last quarter. Finally, North Point Portfolio Managers Corp OH bought a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter valued at approximately $56,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK stock traded down $1.23 during mid-day 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. The stock’s 50 day moving average price is $90.57 and its 200-day moving average price is $86.73. Vanguard Mega Cap Growth ETF has a 52-week low of $70.32 and a 52-week high of $95.53. The company has a market capitalization of $35.25 billion, a P/E ratio of 37.33 and a beta of 1.24.

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.