Petredis Investment Advisors LLC Boosts Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Petredis Investment Advisors LLC lifted its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 3.2% during the 4th quarter, Holdings Channel reports. The firm owned 259,521 shares of the company’s stock after acquiring an additional 8,117 shares during the period. Vanguard Mega Cap Growth ETF makes up 9.2% of Petredis Investment Advisors LLC’s holdings, making the stock its biggest holding. Petredis Investment Advisors LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $89,122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Eclectic Associates Inc. ADV bought a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth $1,985,000. Gradient Investments LLC acquired a new position in Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $233,000. Wheelhouse Advisory Group LLC grew its stake in Vanguard Mega Cap Growth ETF by 2.0% in the fourth quarter. Wheelhouse Advisory Group LLC now owns 41,780 shares of the company’s stock valued at $14,348,000 after acquiring an additional 836 shares during the period. CX Institutional grew its stake in Vanguard Mega Cap Growth ETF by 16.8% in the fourth quarter. CX Institutional now owns 165,583 shares of the company’s stock valued at $56,863,000 after acquiring an additional 23,828 shares during the period. Finally, Sound Income Strategies LLC grew its stake in Vanguard Mega Cap Growth ETF by 126.0% in the fourth quarter. Sound Income Strategies LLC now owns 4,176 shares of the company’s stock valued at $1,434,000 after acquiring an additional 2,328 shares during the period.

Vanguard Mega Cap Growth ETF Trading Down 0.6 %

NYSEARCA:MGK opened at $353.62 on Friday. Vanguard Mega Cap Growth ETF has a 1 year low of $265.99 and a 1 year high of $358.61. The stock has a market cap of $23.41 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. The stock has a 50-day moving average price of $346.42 and a two-hundred day moving average price of $327.25.

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.