Wealthfront Advisers LLC Boosts Stake in Vanguard Mega Cap Growth ETF $MGK

Wealthfront Advisers LLC increased its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 10.6% in the first quarter, HoldingsChannel reports. The firm owned 69,764 shares of the company’s stock after buying an additional 6,697 shares during the period. Wealthfront Advisers LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $25,634,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ancora Advisors LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 88.6% in the 3rd quarter. Ancora Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 31 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Vanguard Mega Cap Growth ETF during the 4th quarter valued at about $28,000. IFC & Insurance Marketing Inc. acquired a new position in Vanguard Mega Cap Growth ETF during the 4th quarter valued at about $32,000. Costello Asset Management INC raised its stake in Vanguard Mega Cap Growth ETF by 116.3% in the fourth quarter. Costello Asset Management INC now owns 93 shares of the company’s stock valued at $39,000 after buying an additional 50 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in Vanguard Mega Cap Growth ETF by 350.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $41,000 after buying an additional 77 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Up 1.0%

MGK opened at $89.46 on Thursday. Vanguard Mega Cap Growth ETF has a 52-week low of $63.74 and a 52-week high of $92.38. The company has a market cap of $33.65 billion, a P/E ratio of 37.33 and a beta of 1.24. The firm’s 50-day moving average price is $88.16 and its 200-day moving average price is $82.45.

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.