LPL Financial LLC Buys 68,840 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

LPL Financial LLC lifted its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 7.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 960,362 shares of the company’s stock after acquiring an additional 68,840 shares during the period. LPL Financial LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $301,755,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MGK. PSI Advisors LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter worth approximately $25,000. YHB Investment Advisors Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF in the first quarter valued at $29,000. Global Wealth Strategies & Associates bought a new position in shares of Vanguard Mega Cap Growth ETF in the first quarter valued at about $30,000. Rothschild Investment LLC bought a new position in shares of Vanguard Mega Cap Growth ETF in the second quarter valued at about $31,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the 4th quarter worth about $32,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK opened at $304.55 on Wednesday. The firm has a market cap of $20.16 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 52 week low of $218.10 and a 52 week high of $330.36. The firm’s 50-day simple moving average is $310.21 and its 200 day simple moving average is $297.68.

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.