Flow Traders U.S. LLC Makes New Investment in Vanguard Mega Cap Growth ETF $MGK

Flow Traders U.S. LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,473 shares of the company’s stock, valued at approximately $539,000.

Several other hedge funds have also recently made changes to their positions in MGK. Assetmark Inc. boosted its holdings in Vanguard Mega Cap Growth ETF by 2.9% in the second quarter. Assetmark Inc. now owns 7,944,594 shares of the company’s stock worth $2,909,072,000 after purchasing an additional 227,615 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 6.0% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 3,737,341 shares of the company’s stock worth $1,368,502,000 after buying an additional 211,907 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Vanguard Mega Cap Growth ETF by 12.7% in the first quarter. Ameriprise Financial Inc. now owns 805,119 shares of the company’s stock worth $248,910,000 after acquiring an additional 90,984 shares during the period. Angeles Wealth Management LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 7.7% in the second quarter. Angeles Wealth Management LLC now owns 575,440 shares of the company’s stock worth $210,709,000 after acquiring an additional 40,990 shares during the period. Finally, Angeles Investment Advisors LLC increased its position in Vanguard Mega Cap Growth ETF by 59.2% during the second quarter. Angeles Investment Advisors LLC now owns 459,590 shares of the company’s stock valued at $168,288,000 after acquiring an additional 170,950 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA:MGK opened at $417.12 on Thursday. The stock’s 50-day simple moving average is $410.25 and its two-hundred day simple moving average is $387.25. The stock has a market capitalization of $32.33 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a 52-week low of $262.65 and a 52-week high of $426.80.

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.