Park Avenue Securities LLC Makes New Investment in Vanguard Mega Cap Growth ETF $MGK

Park Avenue Securities LLC bought a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 149,654 shares of the company’s stock, valued at approximately $13,865,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC increased its stake in Vanguard Mega Cap Growth ETF by 328.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 236,260 shares of the company’s stock valued at $20,770,000 after purchasing an additional 181,082 shares in the last quarter. RFG Advisory LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 264.5% in the second quarter. RFG Advisory LLC now owns 13,912 shares of the company’s stock worth $1,223,000 after buying an additional 10,095 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 401.1% in the second quarter. HB Wealth Management LLC now owns 379,143 shares of the company’s stock worth $33,331,000 after buying an additional 303,479 shares during the last quarter. Accel Wealth Management lifted its stake in shares of Vanguard Mega Cap Growth ETF by 387.7% during the second quarter. Accel Wealth Management now owns 9,890 shares of the company’s stock worth $869,000 after buying an additional 7,862 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Vanguard Mega Cap Growth ETF by 399.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,554,068 shares of the company’s stock worth $312,423,000 after buying an additional 2,842,779 shares during the period.

Vanguard Mega Cap Growth ETF Stock Up 1.1%

Shares of NYSEARCA MGK opened at $90.52 on Wednesday. The firm has a 50-day simple moving average of $91.13 and a 200-day simple moving average of $85.22. The stock has a market capitalization of $34.06 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. Vanguard Mega Cap Growth ETF has a 52 week low of $70.32 and a 52 week high of $95.53.

Vanguard Mega Cap Growth ETF Company 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.