Fortis Capital Advisors LLC Takes Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Fortis Capital Advisors LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,433 shares of the company’s stock, valued at approximately $372,000.

A number of other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 3.7% in the fourth quarter. Assetmark Inc. now owns 6,890,694 shares of the company’s stock worth $1,788,204,000 after purchasing an additional 248,776 shares during the last quarter. Morgan Stanley lifted its stake in Vanguard Mega Cap Growth ETF by 3.0% in the third quarter. Morgan Stanley now owns 1,559,349 shares of the company’s stock worth $353,816,000 after purchasing an additional 45,970 shares during the last quarter. LPL Financial LLC lifted its stake in Vanguard Mega Cap Growth ETF by 2.8% in the third quarter. LPL Financial LLC now owns 737,859 shares of the company’s stock worth $167,420,000 after purchasing an additional 20,111 shares during the last quarter. Kensington Asset Management LLC lifted its stake in Vanguard Mega Cap Growth ETF by 3.7% in the fourth quarter. Kensington Asset Management LLC now owns 441,700 shares of the company’s stock worth $114,626,000 after purchasing an additional 15,700 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Vanguard Mega Cap Growth ETF by 5.2% in the third quarter. Royal Bank of Canada now owns 411,523 shares of the company’s stock worth $93,374,000 after purchasing an additional 20,249 shares during the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

Vanguard Mega Cap Growth ETF stock traded up $2.50 during mid-day trading on Friday, hitting $295.83. The company’s stock had a trading volume of 228,309 shares, compared to its average volume of 320,725. The stock has a market cap of $19.58 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. The business has a 50 day moving average price of $283.97 and a 200-day moving average price of $271.50. Vanguard Mega Cap Growth ETF has a 12 month low of $215.51 and a 12 month high of $297.25.

Vanguard Mega Cap Growth ETF Company 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.