Kingswood Wealth Advisors LLC Acquires New Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Kingswood Wealth Advisors LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,400 shares of the company’s stock, valued at approximately $1,854,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 37.7% during the second quarter. Renaissance Technologies LLC now owns 9,500 shares of the company’s stock valued at $2,985,000 after purchasing an additional 2,601 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF during the second quarter worth approximately $361,000. Creative Planning boosted its position in Vanguard Mega Cap Growth ETF by 3.1% in the 2nd quarter. Creative Planning now owns 142,779 shares of the company’s stock valued at $44,863,000 after buying an additional 4,245 shares during the last quarter. Magnolia Capital Advisors LLC bought a new position in Vanguard Mega Cap Growth ETF in the second quarter valued at about $306,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Vanguard Mega Cap Growth ETF by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 91,807 shares of the company’s stock worth $28,847,000 after buying an additional 4,120 shares during the period.

Vanguard Mega Cap Growth ETF Trading Down 2.8 %

NYSEARCA MGK opened at $343.85 on Tuesday. The company has a market capitalization of $22.76 billion, a PE ratio of 42.92 and a beta of 1.28. The stock has a 50-day simple moving average of $346.64 and a 200 day simple moving average of $327.38. Vanguard Mega Cap Growth ETF has a 12 month low of $265.99 and a 12 month high of $358.61.

Vanguard Mega Cap Growth ETF Company 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.