UNIVEST FINANCIAL Corp Boosts Stake in Vanguard Mega Cap Growth ETF $MGK

UNIVEST FINANCIAL Corp increased its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 344.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,324 shares of the company’s stock after purchasing an additional 30,474 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for 0.8% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 27th biggest holding. UNIVEST FINANCIAL Corp owned about 0.05% of Vanguard Mega Cap Growth ETF worth $14,449,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley raised its position in Vanguard Mega Cap Growth ETF by 11.7% in the 4th quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock worth $1,094,325,000 after buying an additional 277,446 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Vanguard Mega Cap Growth ETF by 75,906.0% during the 1st quarter. Fifth Third Bancorp now owns 226,498 shares of the company’s stock valued at $83,225,000 after acquiring an additional 226,200 shares during the last quarter. Strategic Investment Advisors MI boosted its holdings in shares of Vanguard Mega Cap Growth ETF by 80,083.9% during the 4th quarter. Strategic Investment Advisors MI now owns 184,423 shares of the company’s stock valued at $76,176,000 after acquiring an additional 184,193 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 2,997.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 176,625 shares of the company’s stock worth $72,906,000 after acquiring an additional 170,922 shares during the period. Finally, Align Financial LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter worth approximately $66,959,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK traded up $0.46 during mid-day trading on Friday, hitting $89.06. 1,415,313 shares of the company traded hands, compared to its average volume of 2,362,092. The stock has a market cap of $33.50 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. The stock has a 50-day moving average price of $87.97 and a two-hundred day moving average price of $82.35. Vanguard Mega Cap Growth ETF has a 1 year low of $70.32 and a 1 year high of $92.38.

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.