38,853 Shares in Vanguard Mega Cap Growth ETF $MGK Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the third quarter, HoldingsChannel reports. The institutional investor acquired 38,853 shares of the company’s stock, valued at approximately $3,600,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Elevation Wealth Partners LLC grew its position in Vanguard Mega Cap Growth ETF by 400.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 300 shares of the company’s stock valued at $26,000 after purchasing an additional 240 shares during the last quarter. Triumph Capital Management increased its holdings in shares of Vanguard Mega Cap Growth ETF by 398.5% in the 2nd quarter. Triumph Capital Management now owns 334 shares of the company’s stock worth $29,000 after purchasing an additional 267 shares in the last quarter. Noble Wealth Management PBC raised its stake in shares of Vanguard Mega Cap Growth ETF by 400.0% in the second quarter. Noble Wealth Management PBC now owns 350 shares of the company’s stock worth $31,000 after purchasing an additional 280 shares during the last quarter. GoalVest Advisory LLC bought a new position in shares of Vanguard Mega Cap Growth ETF during the second quarter valued at $35,000. Finally, Montgomery Financial Services LLC bought a new position in Vanguard Mega Cap Growth ETF during the 2nd quarter valued at about $36,000.

Vanguard Mega Cap Growth ETF Stock Down 3.1%

Shares of NYSEARCA MGK opened at $86.85 on Friday. The firm’s 50-day moving average price is $91.13 and its 200-day moving average price is $85.31. Vanguard Mega Cap Growth ETF has a 52-week low of $70.32 and a 52-week high of $95.53. The company has a market cap of $32.68 billion, a PE ratio of 37.33 and a beta of 1.24.

Vanguard Mega Cap Growth ETF Company 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.