Rolek Wealth Management LLC Invests $663,000 in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Rolek Wealth Management LLC purchased a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,931 shares of the company’s stock, valued at approximately $663,000. Vanguard Mega Cap Growth ETF makes up about 0.5% of Rolek Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding.

A number of other hedge funds have also made changes to their positions in the stock. Gateway Wealth Partners LLC increased its holdings in Vanguard Mega Cap Growth ETF by 0.9% in the third quarter. Gateway Wealth Partners LLC now owns 3,361 shares of the company’s stock worth $1,082,000 after buying an additional 31 shares during the last quarter. Strategic Blueprint LLC increased its holdings in Vanguard Mega Cap Growth ETF by 2.2% in the third quarter. Strategic Blueprint LLC now owns 1,933 shares of the company’s stock worth $622,000 after buying an additional 42 shares during the last quarter. First Financial Bankshares Inc increased its holdings in Vanguard Mega Cap Growth ETF by 6.0% in the third quarter. First Financial Bankshares Inc now owns 778 shares of the company’s stock worth $250,000 after buying an additional 44 shares during the last quarter. Trilogy Capital Inc. increased its holdings in Vanguard Mega Cap Growth ETF by 7.4% in the third quarter. Trilogy Capital Inc. now owns 730 shares of the company’s stock worth $235,000 after buying an additional 50 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in Vanguard Mega Cap Growth ETF by 4.8% in the fourth quarter. AdvisorNet Financial Inc now owns 1,198 shares of the company’s stock worth $412,000 after buying an additional 55 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Up 1.7 %

Shares of MGK stock opened at $354.29 on Thursday. Vanguard Mega Cap Growth ETF has a 12 month low of $265.99 and a 12 month high of $358.61. The business’s 50 day moving average is $345.63 and its two-hundred day moving average is $326.86. The company has a market cap of $23.45 billion, a PE ratio of 42.92 and a beta of 1.28.

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.