Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Shares Acquired by Concourse Financial Group Securities Inc.

Concourse Financial Group Securities Inc. raised its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,422 shares of the company’s stock after purchasing an additional 214 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. YHB Investment Advisors Inc. bought a new position in Vanguard Mega Cap Growth ETF during the 1st quarter valued at $29,000. Global Wealth Strategies & Associates acquired a new position in Vanguard Mega Cap Growth ETF in the first quarter worth about $30,000. AdvisorNet Financial Inc acquired a new stake in Vanguard Mega Cap Growth ETF during the fourth quarter valued at approximately $30,000. Scarborough Advisors LLC bought a new position in Vanguard Mega Cap Growth ETF during the 4th quarter worth approximately $32,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $37,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK stock traded up $4.17 on Friday, hitting $326.38. 303,403 shares of the stock traded hands, compared to its average volume of 314,223. The company has a market capitalization of $21.60 billion, a PE ratio of 42.92 and a beta of 1.28. The company’s fifty day moving average is $300.02 and its 200 day moving average is $283.67. Vanguard Mega Cap Growth ETF has a 1-year low of $218.10 and a 1-year high of $326.46.

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.