Integrated Wealth Concepts LLC Has $6.36 Million Holdings in Vanguard Mega Cap Growth ETF $MGK

Integrated Wealth Concepts LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 559.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 72,332 shares of the company’s stock after buying an additional 61,363 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $6,359,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC increased its stake in shares of Vanguard Mega Cap Growth ETF by 1.3% in the first quarter. Cassaday & Co Wealth Management LLC now owns 3,719,368 shares of the company’s stock valued at $1,366,645,000 after buying an additional 48,165 shares during the period. Angeles Wealth Management LLC increased its holdings in Vanguard Mega Cap Growth ETF by 402.4% in the second quarter. Angeles Wealth Management LLC now owns 2,869,561 shares of the company’s stock worth $252,281,000 after purchasing an additional 2,298,377 shares in the last quarter. Morgan Stanley lifted its stake in Vanguard Mega Cap Growth ETF by 11.7% in the fourth quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock valued at $1,094,325,000 after buying an additional 277,446 shares during the period. Captrust Financial Advisors boosted its stake in Vanguard Mega Cap Growth ETF by 0.9% during the second quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock worth $611,042,000 after acquiring an additional 15,432 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Vanguard Mega Cap Growth ETF by 0.4% during the fourth quarter. LPL Financial LLC now owns 1,173,852 shares of the company’s stock worth $484,531,000 after acquiring an additional 5,134 shares in the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.9%

NYSEARCA:MGK opened at $89.90 on Friday. The stock has a market capitalization of $33.82 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. The firm has a fifty day simple moving average of $88.60 and a two-hundred day simple moving average of $84.76. Vanguard Mega Cap Growth ETF has a 12 month low of $70.32 and a 12 month 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.