Assetmark Inc. Has $3.42 Billion Position in Vanguard Mega Cap Growth ETF $MGK

Assetmark Inc. raised its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,503,196 shares of the company’s stock after buying an additional 558,602 shares during the period. Vanguard Mega Cap Growth ETF accounts for 7.3% of Assetmark Inc.’s investment portfolio, making the stock its biggest holding. Assetmark Inc. owned 10.97% of Vanguard Mega Cap Growth ETF worth $3,421,856,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC raised its holdings 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 purchasing an additional 211,907 shares during the period. Captrust Financial Advisors lifted its holdings in Vanguard Mega Cap Growth ETF by 0.9% during the 2nd quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock worth $611,042,000 after purchasing an additional 15,432 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at approximately $335,586,000. Osaic Holdings Inc. increased its holdings in shares of Vanguard Mega Cap Growth ETF by 383.6% in the second quarter. Osaic Holdings Inc. now owns 623,866 shares of the company’s stock worth $228,441,000 after purchasing an additional 494,855 shares during the period. Finally, Angeles Wealth Management LLC increased its stake in Vanguard Mega Cap Growth ETF by 7.7% in the 2nd 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 last quarter.

Vanguard Mega Cap Growth ETF Stock Down 1.8%

NYSEARCA:MGK opened at $386.83 on Friday. The stock has a market cap of $30.34 billion, a P/E ratio of 37.33 and a beta of 1.18. The business’s 50-day moving average price is $408.71 and its two-hundred day moving average price is $402.37. Vanguard Mega Cap Growth ETF has a twelve month low of $262.65 and a twelve month high of $426.80.

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.