Sherman Wealth Management LLC Has $14.04 Million Stock Holdings in Vanguard Mega Cap Growth ETF $MGK

Sherman Wealth Management LLC grew its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 395.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,743 shares of the company’s stock after purchasing an additional 127,481 shares during the quarter. Vanguard Mega Cap Growth ETF makes up approximately 10.6% of Sherman Wealth Management LLC’s portfolio, making the stock its biggest position. Sherman Wealth Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $14,043,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ancora Advisors LLC grew its holdings in Vanguard Mega Cap Growth ETF by 88.6% in the 3rd quarter. Ancora Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 31 shares during the last quarter. IFC & Insurance Marketing Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter worth about $32,000. Costello Asset Management INC increased its holdings in Vanguard Mega Cap Growth ETF by 116.3% during the 4th quarter. Costello Asset Management INC now owns 93 shares of the company’s stock valued at $39,000 after purchasing an additional 50 shares during the period. Birchbrook Inc. bought a new position in Vanguard Mega Cap Growth ETF during the 4th quarter valued at approximately $43,000. Finally, Glen Eagle Advisors LLC purchased a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $48,000.

Vanguard Mega Cap Growth ETF Stock Performance

MGK opened at $90.63 on Tuesday. The stock has a market capitalization of $34.10 billion, a PE ratio of 37.33 and a beta of 1.24. The stock’s 50 day moving average price is $87.52 and its 200-day moving average price is $83.06. Vanguard Mega Cap Growth ETF has a 52-week low of $70.32 and a 52-week high of $92.38.

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.