Prospect Financial Services LLC Acquires Shares of 942 Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Prospect Financial Services LLC acquired a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 942 shares of the company’s stock, valued at approximately $323,000.

Several other hedge funds have also modified their holdings of MGK. Renaissance Technologies LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 37.7% in the 2nd 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 stake in shares of Vanguard Mega Cap Growth ETF in the second quarter valued at about $361,000. Creative Planning lifted its stake in shares of Vanguard Mega Cap Growth ETF by 3.1% in the second quarter. Creative Planning now owns 142,779 shares of the company’s stock worth $44,863,000 after buying an additional 4,245 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF in the second quarter worth about $306,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Vanguard Mega Cap Growth ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 91,807 shares of the company’s stock worth $28,847,000 after acquiring an additional 4,120 shares during the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

MGK stock opened at $343.85 on Tuesday. The business has a 50 day simple moving average of $346.64 and a 200-day simple moving average of $327.38. The firm has a market capitalization of $22.76 billion, a PE ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 1 year low of $265.99 and a 1 year high of $358.61.

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.