Focus Financial Network Inc. Acquires 8,854 Shares of Vanguard Mega Cap Growth ETF $MGK

Focus Financial Network Inc. raised its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 422.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,951 shares of the company’s stock after buying an additional 8,854 shares during the period. Focus Financial Network Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGK. Elevation Wealth Partners LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 400.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 300 shares of the company’s stock worth $26,000 after buying an additional 240 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 88.6% in the 3rd quarter. Ancora Advisors LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 31 shares in the last quarter. Noble Wealth Management PBC increased its position in shares of Vanguard Mega Cap Growth ETF by 400.0% in the second quarter. Noble Wealth Management PBC now owns 350 shares of the company’s stock valued at $31,000 after acquiring an additional 280 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $32,000. Finally, GoalVest Advisory LLC bought a new stake in Vanguard Mega Cap Growth ETF during the second quarter worth about $35,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA MGK opened at $90.00 on Wednesday. The stock has a 50 day moving average price of $87.49 and a 200 day moving average price of $83.13. Vanguard Mega Cap Growth ETF has a 52 week low of $70.32 and a 52 week high of $92.38. The stock has a market capitalization of $33.86 billion, a PE 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.