Vanguard Mega Cap Growth ETF $MGK Stock: Praetorian Wealth Management Inc. Increases Stake

Praetorian Wealth Management Inc. raised its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 869,836 shares of the company’s stock after buying an additional 14,604 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for about 13.9% of Praetorian Wealth Management Inc.’s investment portfolio, making the stock its largest position. Praetorian Wealth Management Inc. owned about 0.23% of Vanguard Mega Cap Growth ETF worth $80,590,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MGK. Cassaday & Co Wealth Management LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 1.3% in 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 acquiring an additional 48,165 shares during the period. Envestnet Asset Management Inc. raised its position in shares of 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 buying an additional 2,842,779 shares during the last quarter. Angeles Wealth Management LLC raised its holdings in 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 valued at $252,281,000 after acquiring an additional 2,298,377 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Vanguard Mega Cap Growth ETF by 2.7% in the 1st 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 in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Vanguard Mega Cap Growth ETF by 2.0% in the 1st quarter. Royal Bank of Canada now owns 466,332 shares of the company’s stock worth $171,349,000 after acquiring an additional 9,145 shares during the period.

Vanguard Mega Cap Growth ETF Trading Down 2.2%

MGK stock traded down $2.07 during midday trading on Friday, hitting $90.00. The stock had a trading volume of 1,366,160 shares, compared to its average volume of 1,981,593. Vanguard Mega Cap Growth ETF has a 52 week low of $70.32 and a 52 week high of $95.53. The firm has a market capitalization of $33.86 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. The stock has a 50-day simple moving average of $91.16 and a 200 day simple moving average of $87.59.

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.