Independent Financial Group LLC Acquires New Stake in Vanguard Mega Cap Growth ETF $MGK

Independent Financial Group LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 20,986 shares of the company’s stock, valued at approximately $7,711,000.

Several other institutional investors and hedge funds have also bought and sold shares of MGK. TFR Capital LLC. increased its position in Vanguard Mega Cap Growth ETF by 2.7% in the fourth quarter. TFR Capital LLC. now owns 961 shares of the company’s stock worth $397,000 after buying an additional 25 shares during the last quarter. First Horizon Corp lifted its position in shares of Vanguard Mega Cap Growth ETF by 0.7% during the 4th quarter. First Horizon Corp now owns 3,383 shares of the company’s stock valued at $1,396,000 after buying an additional 25 shares during the last quarter. New England Capital Financial Advisors LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 16.9% during the 4th quarter. New England Capital Financial Advisors LLC now owns 173 shares of the company’s stock valued at $71,000 after buying an additional 25 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 1.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,487 shares of the company’s stock worth $614,000 after acquiring an additional 26 shares during the period. Finally, Halbert Hargrove Global Advisors LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 18.0% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 177 shares of the company’s stock worth $73,000 after acquiring an additional 27 shares during the period.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK opened at $88.18 on Friday. The business has a 50-day moving average of $88.18 and a 200 day moving average of $82.48. Vanguard Mega Cap Growth ETF has a fifty-two week low of $63.74 and a fifty-two week high of $92.38. The firm has a market cap of $33.17 billion, a P/E ratio of 37.33 and a beta of 1.24.

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.