Strategic Investment Advisors MI Boosts Stake in Vanguard Mega Cap Growth ETF $MGK

Strategic Investment Advisors MI raised its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 27.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 235,025 shares of the company’s stock after purchasing an additional 50,602 shares during the period. Vanguard Mega Cap Growth ETF accounts for approximately 6.0% of Strategic Investment Advisors MI’s portfolio, making the stock its 2nd largest holding. Strategic Investment Advisors MI owned 0.31% of Vanguard Mega Cap Growth ETF worth $86,437,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MGK. Ancora Advisors LLC increased its stake in shares of Vanguard Mega Cap Growth ETF by 88.6% in the third quarter. Ancora Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 31 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter worth $32,000. Costello Asset Management INC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 116.3% in the 4th quarter. Costello Asset Management INC now owns 93 shares of the company’s stock valued at $39,000 after acquiring an additional 50 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in Vanguard Mega Cap Growth ETF by 350.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $41,000 after purchasing an additional 77 shares in the last quarter. Finally, Birchbrook Inc. bought a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth $43,000.

Vanguard Mega Cap Growth ETF Trading Down 1.6%

Shares of Vanguard Mega Cap Growth ETF stock opened at $83.11 on Thursday. Vanguard Mega Cap Growth ETF has a 12 month low of $70.32 and a 12 month high of $92.38. The business’s 50-day moving average price is $87.69 and its 200-day moving average price is $82.66. The firm has a market capitalization of $31.27 billion, a PE ratio of 37.33 and a beta of 1.24.

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.