Rik Saylor Financial Inc. Invests $2.18 Million in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Rik Saylor Financial Inc. bought a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,352 shares of the company’s stock, valued at approximately $2,181,000. Vanguard Mega Cap Growth ETF accounts for about 2.0% of Rik Saylor Financial Inc.’s holdings, making the stock its 18th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Silver Oak Securities Incorporated boosted its position in Vanguard Mega Cap Growth ETF by 32.7% during the fourth quarter. Silver Oak Securities Incorporated now owns 18,667 shares of the company’s stock valued at $6,472,000 after purchasing an additional 4,596 shares during the last quarter. Financial Advocates Investment Management boosted its position in Vanguard Mega Cap Growth ETF by 24.1% during the fourth quarter. Financial Advocates Investment Management now owns 5,825 shares of the company’s stock valued at $2,000,000 after purchasing an additional 1,133 shares during the last quarter. Beacon Financial Advisory LLC acquired a new stake in Vanguard Mega Cap Growth ETF during the fourth quarter valued at $348,000. Jackson Grant Investment Advisers Inc. boosted its position in Vanguard Mega Cap Growth ETF by 13.7% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 646 shares of the company’s stock valued at $222,000 after purchasing an additional 78 shares during the last quarter. Finally, Money Concepts Capital Corp boosted its position in Vanguard Mega Cap Growth ETF by 22.9% during the fourth quarter. Money Concepts Capital Corp now owns 6,068 shares of the company’s stock valued at $2,084,000 after purchasing an additional 1,132 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.2 %

MGK opened at $350.13 on Thursday. Vanguard Mega Cap Growth ETF has a 1 year low of $266.99 and a 1 year high of $358.61. The stock has a fifty day moving average price of $348.41 and a 200 day moving average price of $328.79. The stock has a market cap of $23.18 billion, a price-to-earnings 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.