Brophy Wealth Management LLC Purchases New Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Brophy Wealth Management LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 69,532 shares of the company’s stock, valued at approximately $22,386,000. Vanguard Mega Cap Growth ETF makes up about 8.0% of Brophy Wealth Management LLC’s portfolio, making the stock its largest holding.

A number of other large investors have also recently made changes to their positions in MGK. Continuum Advisory LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 11.4% during the third quarter. Continuum Advisory LLC now owns 4,446 shares of the company’s stock valued at $1,505,000 after buying an additional 455 shares during the last quarter. MML Investors Services LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 8.4% during the 3rd quarter. MML Investors Services LLC now owns 200,517 shares of the company’s stock worth $64,557,000 after acquiring an additional 15,513 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 3rd quarter worth $265,000. Orion Portfolio Solutions LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 40.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,398 shares of the company’s stock worth $1,416,000 after acquiring an additional 1,263 shares in the last quarter. Finally, World Investment Advisors LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 36,249.8% in the third quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock valued at $204,331,000 after purchasing an additional 632,921 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Vanguard Mega Cap Growth ETF stock opened at $350.56 on Tuesday. Vanguard Mega Cap Growth ETF has a fifty-two week low of $250.79 and a fifty-two week high of $353.07. The firm’s 50-day simple moving average is $331.98 and its 200 day simple moving average is $318.01. The stock has a market cap of $23.20 billion, a PE ratio of 42.92 and a beta of 1.28.

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.