Cornerstone Financial Management LLC Has $5.83 Million Position in Vanguard Mega Cap Growth ETF $MGK

Cornerstone Financial Management LLC increased its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 396.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,353 shares of the company’s stock after acquiring an additional 52,975 shares during the period. Vanguard Mega Cap Growth ETF comprises approximately 4.7% of Cornerstone Financial Management LLC’s holdings, making the stock its 2nd largest position. Cornerstone Financial Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $5,833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MGK. Angeles Wealth Management LLC boosted its stake in Vanguard Mega Cap Growth ETF by 402.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 2,869,561 shares of the company’s stock valued at $252,281,000 after purchasing an additional 2,298,377 shares during the last quarter. Praetorian Wealth Management Inc. lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 407.9% during the second quarter. Praetorian Wealth Management Inc. now owns 855,232 shares of the company’s stock valued at $75,183,000 after purchasing an additional 686,835 shares in the last quarter. Blue Edge Capital LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the second quarter valued at $36,035,000. Beacon Capital Management LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 292.1% during the second quarter. Beacon Capital Management LLC now owns 530,802 shares of the company’s stock valued at $46,663,000 after buying an additional 395,439 shares during the last quarter. Finally, FC Advisory LLC increased its holdings in Vanguard Mega Cap Growth ETF by 392.2% in the 2nd quarter. FC Advisory LLC now owns 459,040 shares of the company’s stock worth $40,354,000 after buying an additional 365,775 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA:MGK opened at $90.23 on Monday. The firm has a market cap of $33.94 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. The business has a 50-day simple moving average of $88.36 and a two-hundred day simple moving average of $84.38. Vanguard Mega Cap Growth ETF has a fifty-two week low of $70.32 and a fifty-two week high of $92.38.

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.