Beacon Financial Advisory LLC Takes $348,000 Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Beacon Financial Advisory LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,013 shares of the company’s stock, valued at approximately $348,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Vanguard Mega Cap Growth ETF by 12.7% during the third quarter. FMR LLC now owns 23,961 shares of the company’s stock worth $7,714,000 after acquiring an additional 2,704 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in Vanguard Mega Cap Growth ETF by 14.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,202 shares of the company’s stock valued at $387,000 after purchasing an additional 152 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Vanguard Mega Cap Growth ETF by 23.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 66,015 shares of the company’s stock worth $21,254,000 after purchasing an additional 12,655 shares during the last quarter. Wedmont Private Capital raised its position in shares of Vanguard Mega Cap Growth ETF by 8.6% in the 4th quarter. Wedmont Private Capital now owns 811 shares of the company’s stock valued at $276,000 after purchasing an additional 64 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 131.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 37,676 shares of the company’s stock valued at $12,938,000 after purchasing an additional 21,417 shares in the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.8 %

MGK stock opened at $353.00 on Friday. The firm has a 50 day simple moving average of $348.73 and a 200-day simple moving average of $328.96. The company has a market capitalization of $23.37 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a twelve month low of $266.99 and a twelve month high of $358.61.

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.