Sound Income Strategies LLC Raises Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Sound Income Strategies LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 284.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 573 shares of the company’s stock after buying an additional 424 shares during the period. Sound Income Strategies LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MGK. International Assets Investment Management LLC increased its position in Vanguard Mega Cap Growth ETF by 22,983.4% during the 4th quarter. International Assets Investment Management LLC now owns 104,106 shares of the company’s stock valued at $27,017,000 after buying an additional 103,655 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Vanguard Mega Cap Growth ETF by 24.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 631 shares of the company’s stock valued at $164,000 after purchasing an additional 122 shares during the last quarter. Cerity Partners LLC acquired a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $81,857,000. Perigon Wealth Management LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the 4th quarter worth approximately $201,000. Finally, Koshinski Asset Management Inc. increased its stake in Vanguard Mega Cap Growth ETF by 89.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,630 shares of the company’s stock valued at $1,202,000 after purchasing an additional 2,180 shares in the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.9 %

Shares of NYSEARCA MGK traded up $2.52 during trading on Friday, reaching $297.17. 311,095 shares of the company traded hands, compared to its average volume of 340,714. The firm’s fifty day simple moving average is $310.33 and its 200 day simple moving average is $292.39. The stock has a market cap of $19.67 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 12-month low of $218.10 and a 12-month high of $330.36.

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.