Vanguard Mega Cap Growth ETF $MGK Shares Bought by Falcon Wealth Planning

Falcon Wealth Planning grew its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 6.0% during the first quarter, HoldingsChannel reports. The firm owned 233,737 shares of the company’s stock after purchasing an additional 13,253 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for approximately 5.9% of Falcon Wealth Planning’s investment portfolio, making the stock its 3rd largest holding. Falcon Wealth Planning’s holdings in Vanguard Mega Cap Growth ETF were worth $85,884,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its position in Vanguard Mega Cap Growth ETF by 139.5% during the fourth quarter. Brighton Jones LLC now owns 1,509 shares of the company’s stock worth $518,000 after buying an additional 879 shares during the period. AQR Capital Management LLC grew its holdings in Vanguard Mega Cap Growth ETF by 127.3% in the 1st quarter. AQR Capital Management LLC now owns 3,830 shares of the company’s stock valued at $1,183,000 after buying an additional 2,145 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Vanguard Mega Cap Growth ETF by 1.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 107,285 shares of the company’s stock valued at $33,138,000 after acquiring an additional 1,483 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Vanguard Mega Cap Growth ETF by 12.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,117 shares of the company’s stock valued at $775,000 after acquiring an additional 233 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter valued at about $238,000.

Vanguard Mega Cap Growth ETF Stock Performance

MGK opened at $84.35 on Friday. Vanguard Mega Cap Growth ETF has a 1 year low of $70.32 and a 1 year high of $92.38. The company’s 50 day simple moving average is $87.04 and its 200 day simple moving average is $81.96. The stock has a market capitalization of $6.37 billion, a PE ratio of 37.33 and a beta of 1.24.

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.