Apriem Advisors Has $13.80 Million Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Apriem Advisors lifted its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 43.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 40,180 shares of the company’s stock after buying an additional 12,242 shares during the period. Vanguard Mega Cap Growth ETF makes up about 1.6% of Apriem Advisors’ holdings, making the stock its 18th largest holding. Apriem Advisors’ holdings in Vanguard Mega Cap Growth ETF were worth $13,798,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new position in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at $27,000. Peterson Financial Group Inc. bought a new stake in Vanguard Mega Cap Growth ETF during the third quarter worth $33,000. Copley Financial Group Inc. acquired a new stake in Vanguard Mega Cap Growth ETF in the third quarter valued at $33,000. Riggs Asset Managment Co. Inc. bought a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $40,000. Finally, Pittenger & Anderson Inc. increased its stake in shares of Vanguard Mega Cap Growth ETF by 25.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 150 shares of the company’s stock worth $52,000 after purchasing an additional 30 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK stock opened at $341.51 on Thursday. Vanguard Mega Cap Growth ETF has a 52-week low of $266.99 and a 52-week high of $358.64. The stock has a market cap of $25.08 billion, a price-to-earnings ratio of 41.72 and a beta of 1.13. The firm’s 50-day moving average is $348.98 and its 200-day moving average is $334.21.

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.