1620 Investment Advisors Inc. Invests $30,000 in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

1620 Investment Advisors Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 87 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its stake in shares of Vanguard Mega Cap Growth ETF by 756.3% during the 3rd quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock valued at $513,465,000 after buying an additional 1,408,609 shares during the period. World Investment Advisors LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 36,249.8% during the third quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock worth $204,331,000 after acquiring an additional 632,921 shares in the last quarter. Angeles Wealth Management LLC boosted its position in Vanguard Mega Cap Growth ETF by 5.3% during the fourth quarter. Angeles Wealth Management LLC now owns 518,675 shares of the company’s stock valued at $178,118,000 after purchasing an additional 26,072 shares during the last quarter. Proficio Capital Partners LLC grew its stake in Vanguard Mega Cap Growth ETF by 34,241.0% in the fourth quarter. Proficio Capital Partners LLC now owns 393,204 shares of the company’s stock valued at $135,030,000 after purchasing an additional 392,059 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in Vanguard Mega Cap Growth ETF by 7.1% in the third quarter. Cerity Partners LLC now owns 382,359 shares of the company’s stock valued at $123,100,000 after purchasing an additional 25,218 shares in the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

MGK opened at $316.70 on Friday. The company has a market capitalization of $23.21 billion, a PE ratio of 36.87 and a beta of 1.15. Vanguard Mega Cap Growth ETF has a fifty-two week low of $266.99 and a fifty-two week high of $358.64. The business has a 50-day moving average of $339.38 and a 200-day moving average of $334.94.

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.