GWN Securities Inc. Invests $1.99 Million in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

GWN Securities Inc. bought a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,621 shares of the company’s stock, valued at approximately $1,988,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new position in Vanguard Mega Cap Growth ETF during the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC bought a new position in Vanguard Mega Cap Growth ETF during the fourth quarter valued at approximately $31,000. Peterson Financial Group Inc. bought a new position in Vanguard Mega Cap Growth ETF in the third quarter worth approximately $33,000. Copley Financial Group Inc. bought a new position in Vanguard Mega Cap Growth ETF in the third quarter worth approximately $33,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in Vanguard Mega Cap Growth ETF in the fourth quarter worth approximately $40,000.

Vanguard Mega Cap Growth ETF Trading Up 2.6 %

MGK opened at $315.29 on Friday. Vanguard Mega Cap Growth ETF has a 1-year low of $266.99 and a 1-year high of $358.64. The company has a market capitalization of $23.11 billion, a PE ratio of 36.87 and a beta of 1.15. The firm’s 50 day simple moving average is $342.49 and its two-hundred day simple moving average is $335.05.

Vanguard Mega Cap Growth ETF 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.