Strategic Financial Concepts LLC Takes $82.80 Million Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Strategic Financial Concepts LLC purchased a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 241,120 shares of the company’s stock, valued at approximately $82,803,000. Strategic Financial Concepts LLC owned 0.36% of Vanguard Mega Cap Growth ETF at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Vanguard Mega Cap Growth ETF by 12.7% during the 3rd quarter. FMR LLC now owns 23,961 shares of the company’s stock worth $7,714,000 after buying an additional 2,704 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF by 14.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,202 shares of the company’s stock worth $387,000 after purchasing an additional 152 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 23.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 66,015 shares of the company’s stock worth $21,254,000 after purchasing an additional 12,655 shares in the last quarter. Wedmont Private Capital increased its holdings in Vanguard Mega Cap Growth ETF by 8.6% in the fourth quarter. Wedmont Private Capital now owns 811 shares of the company’s stock valued at $276,000 after buying an additional 64 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in Vanguard Mega Cap Growth ETF by 131.7% in the fourth quarter. Ameritas Advisory Services LLC now owns 37,676 shares of the company’s stock valued at $12,938,000 after buying an additional 21,417 shares in the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA MGK opened at $353.00 on Friday. The business has a 50-day moving average of $348.73 and a two-hundred day moving average of $328.96. The company has a market capitalization of $23.37 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 1 year low of $266.99 and a 1 year high of $358.61.

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.