Independent Advisor Alliance bought a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 44,687 shares of the company’s stock, valued at approximately $15,346,000. Independent Advisor Alliance owned about 0.07% of Vanguard Mega Cap Growth ETF at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in Vanguard Mega Cap Growth ETF during the fourth quarter worth about $27,000. Mainstream Capital Management LLC bought a new position in Vanguard Mega Cap Growth ETF during the fourth quarter worth about $31,000. Peterson Financial Group Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $33,000. Copley Financial Group Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $33,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth about $40,000.
Vanguard Mega Cap Growth ETF Price Performance
NYSEARCA MGK opened at $323.81 on Monday. The stock’s 50-day moving average is $345.84 and its 200-day moving average is $335.32. Vanguard Mega Cap Growth ETF has a one year low of $266.99 and a one year high of $358.64. The firm has a market cap of $23.73 billion, a P/E ratio of 36.87 and a beta of 1.15.
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.
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