Parallel Advisors LLC Purchases 41,320 Shares of Vanguard Mega Cap Growth ETF $MGK

Parallel Advisors LLC lifted its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 226.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,590 shares of the company’s stock after buying an additional 41,320 shares during the quarter. Parallel Advisors LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $5,521,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MGK. Merkkuri Wealth Advisors LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 3rd quarter worth $208,000. United Advisor Group LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 25.6% during the 3rd quarter. United Advisor Group LLC now owns 10,867 shares of the company’s stock valued at $1,007,000 after purchasing an additional 2,215 shares in the last quarter. Prudent Man Investment Management Inc. lifted its stake in shares of Vanguard Mega Cap Growth ETF by 325.9% in the 3rd quarter. Prudent Man Investment Management Inc. now owns 5,102 shares of the company’s stock valued at $473,000 after purchasing an additional 3,904 shares during the last quarter. Plancorp LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the 3rd quarter valued at $2,783,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the 3rd quarter valued at $34,305,000.

Vanguard Mega Cap Growth ETF Trading Up 1.1%

Shares of NYSEARCA:MGK opened at $83.64 on Friday. The stock has a market capitalization of $31.61 billion, a PE ratio of 28.83 and a beta of 1.25. Vanguard Mega Cap Growth ETF has a 1 year low of $70.32 and a 1 year high of $95.53. The firm has a fifty day moving average price of $90.74 and a 200 day moving average price of $85.41.

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.