Concourse Financial Group Securities Inc. Grows Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Concourse Financial Group Securities Inc. increased its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 29.7% in the 4th quarter, HoldingsChannel reports. The fund owned 3,542 shares of the company’s stock after purchasing an additional 811 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $1,255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of Jackson Hole Trust acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the 4th quarter worth about $27,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter valued at about $30,000. Mainstream Capital Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the 4th quarter valued at approximately $31,000. Copley Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF in the 3rd quarter worth approximately $33,000. Finally, Riggs Asset Managment Co. Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter worth approximately $40,000.

Vanguard Mega Cap Growth ETF Stock Up 0.1 %

NYSEARCA:MGK opened at $292.51 on Friday. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $358.64. The stock’s fifty day moving average is $318.48 and its two-hundred day moving average is $332.96. The stock has a market capitalization of $21.27 billion, a price-to-earnings ratio of 32.92 and a beta of 1.20.

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.