Allworth Financial LP Raises Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Allworth Financial LP increased its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 58.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,606 shares of the company’s stock after buying an additional 1,327 shares during the quarter. Allworth Financial LP’s holdings in Vanguard Mega Cap Growth ETF were worth $1,277,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. grew its position in shares of Vanguard Mega Cap Growth ETF by 3.8% during the 3rd quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock valued at $2,399,580,000 after acquiring an additional 271,905 shares during the period. Cassaday & Co Wealth Management LLC grew its holdings in Vanguard Mega Cap Growth ETF by 2.1% during the third quarter. Cassaday & Co Wealth Management LLC now owns 3,574,349 shares of the company’s stock valued at $1,150,762,000 after purchasing an additional 74,966 shares during the period. Captrust Financial Advisors increased its position in Vanguard Mega Cap Growth ETF by 756.3% in the third quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock worth $513,465,000 after buying an additional 1,408,609 shares during the last quarter. World Investment Advisors LLC raised its stake in shares of Vanguard Mega Cap Growth ETF by 36,249.8% in the third quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock valued at $204,331,000 after buying an additional 632,921 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF by 0.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 566,062 shares of the company’s stock valued at $182,244,000 after buying an additional 2,623 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK opened at $357.10 on Wednesday. Vanguard Mega Cap Growth ETF has a fifty-two week low of $266.99 and a fifty-two week high of $358.64. The business has a 50-day moving average of $349.73 and a 200 day moving average of $332.10. The firm has a market cap of $23.64 billion, a P/E ratio of 42.92 and a beta of 1.28.

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.