Geneos Wealth Management Inc. Raises Stock Position in Vanguard Mega Cap Growth ETF $MGK

Geneos Wealth Management Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 20.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,106 shares of the company’s stock after acquiring an additional 189 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the first quarter worth $32,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 1st quarter worth $32,000. Valued Wealth Advisors LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 1st quarter worth $42,000. Garde Capital Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the 1st quarter worth about $49,000. Finally, Richards Merrill & Peterson Inc. grew its stake in Vanguard Mega Cap Growth ETF by 37.0% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 185 shares of the company’s stock valued at $57,000 after acquiring an additional 50 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 0.9%

Shares of MGK opened at $398.44 on Tuesday. The stock has a market cap of $29.56 billion, a P/E ratio of 37.33 and a beta of 1.11. The company has a 50-day moving average of $381.58 and a two-hundred day moving average of $346.66. Vanguard Mega Cap Growth ETF has a 12-month low of $262.65 and a 12-month high of $398.44.

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.