Beacon Capital Management LLC Has $38.71 Million Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Beacon Capital Management LLC increased its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 19.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,200 shares of the company’s stock after acquiring an additional 20,117 shares during the quarter. Vanguard Mega Cap Growth ETF comprises about 7.1% of Beacon Capital Management LLC’s holdings, making the stock its 4th biggest holding. Beacon Capital Management LLC owned 0.19% of Vanguard Mega Cap Growth ETF worth $38,711,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MGK. PSI Advisors LLC bought a new stake in Vanguard Mega Cap Growth ETF during the second quarter valued at approximately $25,000. YHB Investment Advisors Inc. bought a new stake in Vanguard Mega Cap Growth ETF during the first quarter valued at approximately $29,000. Global Wealth Strategies & Associates bought a new stake in Vanguard Mega Cap Growth ETF during the first quarter valued at approximately $30,000. Redmont Wealth Advisors LLC bought a new stake in Vanguard Mega Cap Growth ETF during the second quarter valued at approximately $35,000. Finally, Scarborough Advisors LLC bought a new stake in Vanguard Mega Cap Growth ETF during the fourth quarter valued at approximately $32,000.

Vanguard Mega Cap Growth ETF Stock Performance

Vanguard Mega Cap Growth ETF stock traded up $3.23 during mid-day trading on Friday, hitting $316.62. 294,583 shares of the company traded hands, compared to its average volume of 334,987. Vanguard Mega Cap Growth ETF has a one year low of $218.10 and a one year high of $330.36. The stock has a market cap of $20.96 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. The stock has a fifty day moving average price of $311.83 and a 200-day moving average price of $295.02.

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.