Prime Capital Investment Advisors LLC Purchases 41,714 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Prime Capital Investment Advisors LLC raised its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 14.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 337,474 shares of the company’s stock after buying an additional 41,714 shares during the period. Vanguard Mega Cap Growth ETF comprises about 1.5% of Prime Capital Investment Advisors LLC’s portfolio, making the stock its 14th biggest position. Prime Capital Investment Advisors LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $108,650,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Gateway Wealth Partners LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF by 0.9% in the 3rd quarter. Gateway Wealth Partners LLC now owns 3,361 shares of the company’s stock valued at $1,082,000 after purchasing an additional 31 shares during the period. CGN Advisors LLC raised its stake in Vanguard Mega Cap Growth ETF by 5.4% during the 2nd quarter. CGN Advisors LLC now owns 796 shares of the company’s stock worth $250,000 after buying an additional 41 shares during the period. Csenge Advisory Group raised its stake in Vanguard Mega Cap Growth ETF by 0.9% during the 2nd quarter. Csenge Advisory Group now owns 4,574 shares of the company’s stock worth $1,437,000 after buying an additional 42 shares during the period. Strategic Blueprint LLC raised its stake in Vanguard Mega Cap Growth ETF by 2.2% during the 3rd quarter. Strategic Blueprint LLC now owns 1,933 shares of the company’s stock worth $622,000 after buying an additional 42 shares during the period. Finally, First Financial Bankshares Inc raised its stake in Vanguard Mega Cap Growth ETF by 6.0% during the 3rd quarter. First Financial Bankshares Inc now owns 778 shares of the company’s stock worth $250,000 after buying an additional 44 shares during the period.

Vanguard Mega Cap Growth ETF Stock Performance

MGK traded up $0.79 during midday trading on Tuesday, reaching $340.87. 77,958 shares of the company were exchanged, compared to its average volume of 338,752. The company’s fifty day moving average price is $321.19 and its 200 day moving average price is $310.27. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a one year low of $240.91 and a one year high of $341.31.

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.