Silverlake Wealth Management LLC Raises Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Silverlake Wealth Management LLC boosted its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 48.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,626 shares of the company’s stock after buying an additional 2,502 shares during the period. Vanguard Mega Cap Growth ETF accounts for approximately 1.0% of Silverlake Wealth Management LLC’s portfolio, making the stock its 13th largest position. Silverlake Wealth Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $2,619,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in Vanguard Mega Cap Growth ETF in the third quarter worth about $33,000. Copley Financial Group Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter valued at approximately $33,000. Riggs Asset Managment Co. Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter valued at approximately $40,000. Bfsg LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 386.7% during the third quarter. Bfsg LLC now owns 146 shares of the company’s stock valued at $47,000 after purchasing an additional 116 shares during the last quarter. Finally, Valley National Advisers Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter valued at approximately $55,000.

Vanguard Mega Cap Growth ETF Stock Performance

MGK stock opened at $349.33 on Wednesday. The firm has a 50 day moving average price of $348.15 and a 200-day moving average price of $328.64. Vanguard Mega Cap Growth ETF has a 52-week low of $266.99 and a 52-week high of $358.61. The firm has a market capitalization of $23.12 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28.

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.