Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC increased its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 10.3% in the 4th quarter, HoldingsChannel reports. The firm owned 73,253 shares of the company’s stock after buying an additional 6,849 shares during the quarter. HB Wealth Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $25,156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF in the third quarter worth $33,000. Copley Financial Group Inc. acquired a new position in Vanguard Mega Cap Growth ETF in the 3rd quarter valued at about $33,000. Bfsg LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 386.7% in the 3rd quarter. Bfsg LLC now owns 146 shares of the company’s stock valued at $47,000 after purchasing an additional 116 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $48,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at approximately $55,000.

Vanguard Mega Cap Growth ETF Stock Up 1.4 %

Shares of MGK traded up $4.73 on Friday, hitting $346.91. 343,485 shares of the stock traded hands, compared to its average volume of 416,925. The firm has a market capitalization of $22.96 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 1 year low of $261.32 and a 1 year high of $358.61. The stock’s 50 day moving average is $345.05 and its two-hundred day moving average is $326.26.

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.