Vanguard Mega Cap Growth ETF $MGK Shares Newly Bought by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC bought a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,202 shares of the company’s stock, valued at approximately $2,057,000.

Other hedge funds have also modified their holdings of the company. Cassaday & Co Wealth Management LLC increased its holdings in shares of Vanguard Mega Cap Growth ETF by 1.3% in the first quarter. Cassaday & Co Wealth Management LLC now owns 3,719,368 shares of the company’s stock valued at $1,366,645,000 after purchasing an additional 48,165 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Vanguard Mega Cap Growth ETF by 399.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,554,068 shares of the company’s stock worth $312,423,000 after buying an additional 2,842,779 shares in the last quarter. Angeles Wealth Management LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 402.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 2,869,561 shares of the company’s stock worth $252,281,000 after buying an additional 2,298,377 shares in the last quarter. Praetorian Wealth Management Inc. lifted its holdings in Vanguard Mega Cap Growth ETF by 407.9% during the 2nd quarter. Praetorian Wealth Management Inc. now owns 855,232 shares of the company’s stock worth $75,183,000 after buying an additional 686,835 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Vanguard Mega Cap Growth ETF by 2.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 531,713 shares of the company’s stock valued at $195,372,000 after buying an additional 14,064 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

MGK traded down $0.07 during mid-day trading on Tuesday, reaching $94.01. The stock had a trading volume of 504,801 shares, compared to its average volume of 1,989,039. The firm’s fifty day simple moving average is $91.02 and its two-hundred day simple moving average is $87.15. The stock has a market capitalization of $35.37 billion, a P/E ratio of 37.33 and a beta of 1.24. Vanguard Mega Cap Growth ETF has a 52 week low of $70.32 and a 52 week high of $95.53.

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.