Gateway Wealth Partners LLC Boosts Stake in Vanguard Mega Cap Growth ETF $MGK

Gateway Wealth Partners LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 25.1% in the second quarter, HoldingsChannel.com reports. The fund owned 11,248 shares of the company’s stock after acquiring an additional 2,257 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $4,119,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MGK. Dogwood Wealth Management LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the second quarter valued at about $27,000. Harbor Asset Planning Inc. bought a new position in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter valued at about $28,000. Atlantic Union Bankshares Corp bought a new position in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter valued at about $30,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF during the 1st quarter valued at about $32,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in Vanguard Mega Cap Growth ETF in the 2nd quarter worth approximately $44,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK opened at $415.78 on Friday. Vanguard Mega Cap Growth ETF has a 1 year low of $262.65 and a 1 year high of $426.80. The stock has a 50 day simple moving average of $409.02 and a two-hundred day simple moving average of $384.86. The firm has a market cap of $32.23 billion, a P/E ratio of 37.33 and a beta of 1.18.

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.