Redhawk Wealth Advisors Inc. Grows Stock Position in Vanguard Mega Cap Growth ETF $MGK

Redhawk Wealth Advisors Inc. lifted its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 773.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 75,619 shares of the company’s stock after purchasing an additional 66,963 shares during the period. Vanguard Mega Cap Growth ETF accounts for approximately 3.5% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding. Redhawk Wealth Advisors Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $30,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MGK. Dogwood Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter valued at about $27,000. Harbor Asset Planning Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the 2nd quarter worth $28,000. Atlantic Union Bankshares Corp purchased a new position in Vanguard Mega Cap Growth ETF during the second quarter valued at $30,000. Safe Harbor Fiduciary LLC bought a new stake in Vanguard Mega Cap Growth ETF during the first quarter valued at about $32,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in Vanguard Mega Cap Growth ETF in the second quarter worth about $44,000.

Vanguard Mega Cap Growth ETF Stock Up 1.3%

NYSEARCA MGK opened at $407.16 on Friday. The stock’s 50-day moving average price is $410.53 and its 200-day moving average price is $389.67. The company has a market capitalization of $31.56 billion, a P/E ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $426.80.

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.