Pillar Financial Advisors LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,880 shares of the company’s stock, valued at approximately $3,393,000. Vanguard Mega Cap Growth ETF makes up approximately 2.6% of Pillar Financial Advisors LLC’s portfolio, making the stock its 11th biggest holding.
A number of other institutional investors have also recently bought and sold shares of MGK. Bank of Jackson Hole Trust bought a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter valued at $27,000. Mainstream Capital Management LLC bought a new position in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $31,000. Peterson Financial Group Inc. bought a new position in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at about $33,000. Copley Financial Group Inc. bought a new position in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at about $33,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $40,000.
Vanguard Mega Cap Growth ETF Stock Up 0.1 %
Vanguard Mega Cap Growth ETF stock opened at $323.81 on Friday. The stock has a 50-day simple moving average of $346.38 and a 200 day simple moving average of $335.03. Vanguard Mega Cap Growth ETF has a 12-month low of $266.99 and a 12-month high of $358.64. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 41.72 and a beta of 1.13.
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.
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