Facet Wealth Inc. Buys 4,516 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Facet Wealth Inc. grew its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 295,312 shares of the company’s stock after purchasing an additional 4,516 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for 2.7% of Facet Wealth Inc.’s investment portfolio, making the stock its 10th biggest position. Facet Wealth Inc. owned 0.45% of Vanguard Mega Cap Growth ETF worth $102,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Jackson Hole Trust purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth about $27,000. Mainstream Capital Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth about $31,000. Peterson Financial Group Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $33,000. Copley Financial Group Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $33,000. Finally, Riggs Asset Managment Co. Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth about $40,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA MGK opened at $315.29 on Friday. The firm has a market cap of $23.11 billion, a price-to-earnings ratio of 36.87 and a beta of 1.15. Vanguard Mega Cap Growth ETF has a 1 year low of $266.99 and a 1 year high of $358.64. The stock’s 50-day simple moving average is $342.49 and its 200-day simple moving average is $335.05.

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.