Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Stake Raised by Beacon Capital Management LLC

Beacon Capital Management LLC grew its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 10.8% during the 4th quarter, HoldingsChannel reports. The fund owned 144,925 shares of the company’s stock after purchasing an additional 14,184 shares during the period. Vanguard Mega Cap Growth ETF comprises about 6.5% of Beacon Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Beacon Capital Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $49,769,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MGK. Peterson Financial Group Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at $33,000. Copley Financial Group Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at $33,000. Riggs Asset Managment Co. Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at $40,000. Bfsg LLC increased its stake in Vanguard Mega Cap Growth ETF by 386.7% in the 3rd quarter. Bfsg LLC now owns 146 shares of the company’s stock worth $47,000 after buying an additional 116 shares during the period. Finally, Valley National Advisers Inc. purchased a new position in Vanguard Mega Cap Growth ETF in the 3rd quarter worth about $55,000.

Vanguard Mega Cap Growth ETF Price Performance

MGK stock opened at $357.43 on Friday. Vanguard Mega Cap Growth ETF has a 12 month low of $266.99 and a 12 month high of $358.61. The firm’s 50-day moving average is $349.45 and its 200 day moving average is $331.11. The company has a market capitalization of $23.66 billion, a PE ratio of 42.92 and a beta of 1.28.

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.