Vanguard Mega Cap Growth ETF $MGK is Beacon Capital Management LLC’s 4th Largest Position

Beacon Capital Management LLC trimmed its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 174,834 shares of the company’s stock after selling 2,890 shares during the quarter. Vanguard Mega Cap Growth ETF comprises about 8.6% of Beacon Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Beacon Capital Management LLC owned approximately 0.23% of Vanguard Mega Cap Growth ETF worth $64,019,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Assetmark Inc. increased its holdings in Vanguard Mega Cap Growth ETF by 3.5% in the 1st quarter. Assetmark Inc. now owns 7,716,979 shares of the company’s stock worth $2,383,620,000 after buying an additional 258,515 shares during the period. Praetorian Wealth Management Inc. increased its holdings in Vanguard Mega Cap Growth ETF by 20,186.0% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 152,145 shares of the company’s stock worth $55,710,000 after buying an additional 151,395 shares during the period. Merit Financial Group LLC increased its holdings in Vanguard Mega Cap Growth ETF by 47.1% in the 1st quarter. Merit Financial Group LLC now owns 359,838 shares of the company’s stock worth $111,147,000 after buying an additional 115,183 shares during the period. Ameriprise Financial Inc. increased its holdings in Vanguard Mega Cap Growth ETF by 12.7% in the 1st quarter. Ameriprise Financial Inc. now owns 805,119 shares of the company’s stock worth $248,910,000 after buying an additional 90,984 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Vanguard Mega Cap Growth ETF in the 1st quarter worth approximately $24,178,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA MGK opened at $399.36 on Friday. The stock has a market capitalization of $29.63 billion, a price-to-earnings ratio of 37.33 and a beta of 1.11. Vanguard Mega Cap Growth ETF has a 12 month low of $262.65 and a 12 month high of $405.86. The firm’s 50 day simple moving average is $386.77 and its 200-day simple moving average is $351.37.

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.