Arete Wealth Advisors LLC Acquires New Shares in Vanguard Mega Cap Growth ETF $MGK

Arete Wealth Advisors LLC acquired a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,324 shares of the company’s stock, valued at approximately $551,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MGK. Brighton Jones LLC increased its position in shares of Vanguard Mega Cap Growth ETF by 139.5% during the 4th quarter. Brighton Jones LLC now owns 1,509 shares of the company’s stock worth $518,000 after purchasing an additional 879 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Vanguard Mega Cap Growth ETF by 127.3% during the first quarter. AQR Capital Management LLC now owns 3,830 shares of the company’s stock valued at $1,183,000 after acquiring an additional 2,145 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Vanguard Mega Cap Growth ETF by 1.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 107,285 shares of the company’s stock valued at $33,138,000 after acquiring an additional 1,483 shares during the period. Optivise Advisory Services LLC raised its stake in shares of Vanguard Mega Cap Growth ETF by 7.7% in the 2nd quarter. Optivise Advisory Services LLC now owns 1,441 shares of the company’s stock valued at $528,000 after acquiring an additional 103 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 3.1% in the 2nd quarter. Huntington National Bank now owns 2,432 shares of the company’s stock worth $891,000 after acquiring an additional 73 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

NYSEARCA:MGK opened at $385.58 on Wednesday. Vanguard Mega Cap Growth ETF has a fifty-two week low of $262.65 and a fifty-two week high of $426.80. The company has a 50 day moving average price of $402.20 and a 200 day moving average price of $403.15. The stock has a market capitalization of $30.24 billion, a P/E ratio of 37.33 and a beta of 1.18.

Vanguard Mega Cap Growth ETF 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.