Vanguard Mega Cap Growth ETF $MGK Stock: Kestra Advisory Services LLC Grows Stake

Kestra Advisory Services LLC boosted its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 19.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 367,820 shares of the company’s stock after acquiring an additional 59,967 shares during the quarter. Kestra Advisory Services LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $34,079,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vantagepoint Investment Advisers LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the third quarter worth $397,940,000. Envestnet Asset Management Inc. increased its holdings in shares of Vanguard Mega Cap Growth ETF by 399.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,554,068 shares of the company’s stock valued at $312,423,000 after acquiring an additional 2,842,779 shares during the period. Angeles Wealth Management LLC increased its holdings in shares of Vanguard Mega Cap Growth ETF by 402.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 2,869,561 shares of the company’s stock valued at $252,281,000 after acquiring an additional 2,298,377 shares during the period. Praetorian Wealth Management Inc. raised its position in shares of Vanguard Mega Cap Growth ETF by 407.9% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 855,232 shares of the company’s stock worth $75,183,000 after acquiring an additional 686,835 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of Vanguard Mega Cap Growth ETF in the 3rd quarter worth $56,449,000.

Vanguard Mega Cap Growth ETF Stock Up 1.1%

Shares of NYSEARCA MGK traded up $0.93 during mid-day trading on Friday, reaching $83.64. 2,383,271 shares of the company were exchanged, compared to its average volume of 1,967,259. The stock has a market cap of $31.61 billion, a price-to-earnings ratio of 28.83 and a beta of 1.25. Vanguard Mega Cap Growth ETF has a 1 year low of $70.32 and a 1 year high of $95.53. The firm has a 50-day moving average of $90.74 and a 200 day moving average of $85.41.

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.