Veridan Wealth LLC Invests $2.31 Million in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Veridan Wealth LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 6,703 shares of the company’s stock, valued at approximately $2,311,000. Vanguard Mega Cap Growth ETF makes up about 1.1% of Veridan Wealth LLC’s investment portfolio, making the stock its 28th largest position.

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

Vanguard Mega Cap Growth ETF Stock Performance

MGK opened at $332.44 on Friday. The company’s 50-day simple moving average is $348.72 and its two-hundred day simple moving average is $334.20. The stock has a market capitalization of $24.41 billion, a P/E ratio of 41.72 and a beta of 1.13. Vanguard Mega Cap Growth ETF has a 52-week low of $266.99 and a 52-week high of $358.64.

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.