NFP Retirement Inc. Takes Position in Vanguard Mega Cap Growth ETF $MGK

NFP Retirement Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,688 shares of the company’s stock, valued at approximately $15,265,000. Vanguard Mega Cap Growth ETF makes up approximately 1.0% of NFP Retirement Inc.’s portfolio, making the stock its 23rd largest holding. NFP Retirement Inc. owned about 0.06% of Vanguard Mega Cap Growth ETF at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in Vanguard Mega Cap Growth ETF by 2.9% during the second quarter. Assetmark Inc. now owns 7,944,594 shares of the company’s stock valued at $2,909,072,000 after purchasing an additional 227,615 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in shares of Vanguard Mega Cap Growth ETF by 6.0% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 3,737,341 shares of the company’s stock valued at $1,368,502,000 after buying an additional 211,907 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Vanguard Mega Cap Growth ETF by 12.7% in the 1st quarter. Ameriprise Financial Inc. now owns 805,119 shares of the company’s stock valued at $248,910,000 after buying an additional 90,984 shares during the period. Angeles Wealth Management LLC grew its position in shares of Vanguard Mega Cap Growth ETF by 7.7% during the 2nd quarter. Angeles Wealth Management LLC now owns 575,440 shares of the company’s stock valued at $210,709,000 after buying an additional 40,990 shares during the last quarter. Finally, Angeles Investment Advisors LLC raised its stake in Vanguard Mega Cap Growth ETF by 59.2% during the second quarter. Angeles Investment Advisors LLC now owns 459,590 shares of the company’s stock worth $168,288,000 after acquiring an additional 170,950 shares during the period.

Vanguard Mega Cap Growth ETF Stock Up 0.8%

Shares of NYSEARCA MGK opened at $402.78 on Thursday. The firm’s 50-day moving average price is $406.53 and its two-hundred day moving average price is $379.29. Vanguard Mega Cap Growth ETF has a 52-week low of $262.65 and a 52-week high of $426.80. The stock has a market capitalization of $31.22 billion, a P/E ratio of 37.33 and a beta of 1.18.

About Vanguard Mega Cap Growth ETF

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.