Professional Financial Advisors LLC Invests $215,000 in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Professional Financial Advisors LLC acquired a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 684 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors have also recently made changes to their positions in MGK. YHB Investment Advisors Inc. acquired a new stake in Vanguard Mega Cap Growth ETF during the 1st quarter worth about $29,000. Global Wealth Strategies & Associates acquired a new stake in Vanguard Mega Cap Growth ETF during the 1st quarter worth about $30,000. Scarborough Advisors LLC acquired a new stake in Vanguard Mega Cap Growth ETF during the 4th quarter worth about $32,000. Redmont Wealth Advisors LLC acquired a new stake in Vanguard Mega Cap Growth ETF during the 2nd quarter worth about $35,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Vanguard Mega Cap Growth ETF during the 4th quarter worth about $37,000.

Vanguard Mega Cap Growth ETF Price Performance

MGK traded up $0.46 on Friday, reaching $312.99. 246,392 shares of the stock were exchanged, compared to its average volume of 338,120. The company’s 50-day moving average price is $310.86 and its 200 day moving average price is $293.21. Vanguard Mega Cap Growth ETF has a fifty-two week low of $218.10 and a fifty-two week high of $330.36. The firm has a market capitalization of $20.72 billion, a PE ratio of 42.92 and a beta of 1.28.

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.