Axxcess Wealth Management LLC Increases Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Axxcess Wealth Management LLC increased its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 82.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,097 shares of the company’s stock after purchasing an additional 17,661 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $10,146,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc bought a new stake in shares of Vanguard Mega Cap Growth ETF during the 4th quarter valued at $30,000. Authentikos Wealth Advisory LLC bought a new stake in Vanguard Mega Cap Growth ETF during the third quarter valued at about $27,000. Criterion Capital Advisors LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $37,000. Winch Advisory Services LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 100.0% in the fourth quarter. Winch Advisory Services LLC now owns 166 shares of the company’s stock worth $43,000 after acquiring an additional 83 shares during the period. Finally, Chilton Capital Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth about $50,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK stock traded up $5.49 during mid-day trading on Friday, hitting $281.56. The company had a trading volume of 324,154 shares, compared to its average volume of 338,297. The stock’s 50 day moving average price is $282.26 and its 200-day moving average price is $265.06. Vanguard Mega Cap Growth ETF has a 52-week low of $203.58 and a 52-week high of $291.40. The company has a market capitalization of $18.72 billion, a P/E ratio of 40.90 and a beta of 1.26.

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.