Commonwealth Equity Services LLC Makes New Investment in Vanguard Mega Cap Growth ETF $MGK

Commonwealth Equity Services LLC purchased a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 609,269 shares of the company’s stock, valued at approximately $56,449,000.

Several other large investors have also recently added to or reduced their stakes in MGK. Cardiff Park Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF in the first quarter valued at about $46,000. Basepoint Wealth LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the first quarter worth about $76,000. Elevation Wealth Partners LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 400.0% in the second quarter. Elevation Wealth Partners LLC now owns 300 shares of the company’s stock worth $26,000 after buying an additional 240 shares during the period. Vestor Capital LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 65.6% in the first quarter. Vestor Capital LLC now owns 303 shares of the company’s stock worth $111,000 after buying an additional 120 shares during the period. Finally, Triumph Capital Management grew its stake in shares of Vanguard Mega Cap Growth ETF by 398.5% in the second quarter. Triumph Capital Management now owns 334 shares of the company’s stock valued at $29,000 after buying an additional 267 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

MGK stock opened at $83.64 on Friday. Vanguard Mega Cap Growth ETF has a 1 year low of $70.32 and a 1 year high of $95.53. The firm has a market cap of $31.61 billion, a P/E ratio of 28.83 and a beta of 1.25. The stock has a 50-day simple moving average of $90.74 and a 200-day simple moving average of $85.41.

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.