Vanguard Mega Cap Growth ETF $MGK Shares Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 413.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,175 shares of the company’s stock after acquiring an additional 50,879 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for about 0.9% of Gateway Wealth Partners LLC’s portfolio, making the stock its 14th largest position. Gateway Wealth Partners LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $23,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. AA Financial Advisors LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $694,000. Sollinda Capital Management LLC grew its position in shares of Vanguard Mega Cap Growth ETF by 147.3% during the fourth quarter. Sollinda Capital Management LLC now owns 4,749 shares of the company’s stock worth $1,960,000 after buying an additional 2,829 shares in the last quarter. Royal Fund Management LLC increased its stake in shares of Vanguard Mega Cap Growth ETF by 22.6% during the fourth quarter. Royal Fund Management LLC now owns 21,591 shares of the company’s stock worth $8,928,000 after buying an additional 3,980 shares during the period. Sherman Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth approximately $13,421,000. Finally, Cornerstone Wealth Group LLC acquired a new stake in Vanguard Mega Cap Growth ETF in the first quarter valued at approximately $3,191,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA:MGK opened at $84.81 on Monday. Vanguard Mega Cap Growth ETF has a fifty-two week low of $70.32 and a fifty-two week high of $92.38. The firm’s 50 day moving average price is $87.93 and its 200 day moving average price is $82.64. The stock has a market cap of $31.91 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24.

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.