Zhang Financial LLC Boosts Stake in Vanguard Mega Cap Growth ETF $MGK

Zhang Financial LLC raised its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,778 shares of the company’s stock after acquiring an additional 2,892 shares during the quarter. Vanguard Mega Cap Growth ETF makes up about 0.8% of Zhang Financial LLC’s portfolio, making the stock its 28th biggest position. Zhang Financial LLC owned approximately 0.06% of Vanguard Mega Cap Growth ETF worth $19,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MGK. Atlantic Union Bankshares Corp bought a new position in Vanguard Mega Cap Growth ETF in the second quarter worth about $30,000. Dynamic Wealth Strategies LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 2nd quarter valued at about $44,000. North Star Investment Management Corp. grew its position in shares of Vanguard Mega Cap Growth ETF by 182.1% in the 3rd quarter. North Star Investment Management Corp. now owns 110 shares of the company’s stock worth $44,000 after buying an additional 71 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Vanguard Mega Cap Growth ETF by 463.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 124 shares of the company’s stock worth $45,000 after acquiring an additional 102 shares in the last quarter. Finally, MTM Investment Management LLC bought a new position in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter worth approximately $51,000.

Vanguard Mega Cap Growth ETF Stock Up 1.1%

Shares of MGK opened at $389.24 on Wednesday. The company has a market cap of $30.53 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a twelve month low of $262.65 and a twelve month high of $426.80. The company has a 50 day moving average of $404.38 and a two-hundred day moving average of $403.10.

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.