Traynor Capital Management Inc. Invests $441,000 in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Traynor Capital Management Inc. bought a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,371 shares of the company’s stock, valued at approximately $441,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Diversified Trust Co purchased a new position in Vanguard Mega Cap Growth ETF in the 1st quarter worth about $209,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the first quarter valued at approximately $20,636,000. Kovack Advisors Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF by 3.1% in the 1st quarter. Kovack Advisors Inc. now owns 11,236 shares of the company’s stock valued at $3,220,000 after acquiring an additional 333 shares in the last quarter. Retirement Guys Formula LLC acquired a new position in Vanguard Mega Cap Growth ETF in the 1st quarter worth approximately $249,000. Finally, J.W. Cole Advisors Inc. grew its position in Vanguard Mega Cap Growth ETF by 2.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 14,258 shares of the company’s stock worth $4,087,000 after purchasing an additional 375 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Up 0.1 %

Shares of NYSEARCA:MGK opened at $329.01 on Tuesday. The company has a market cap of $21.78 billion, a P/E ratio of 42.92 and a beta of 1.28. The company’s fifty day moving average is $318.10 and its two-hundred day moving average is $306.40. Vanguard Mega Cap Growth ETF has a 12-month low of $221.60 and a 12-month high of $331.60.

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.