Bright Futures Wealth Management LLC. Invests $3.67 Million in Vanguard Mega Cap Growth ETF $MGK

Bright Futures Wealth Management LLC. purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,115 shares of the company’s stock, valued at approximately $3,668,000. Vanguard Mega Cap Growth ETF makes up about 2.9% of Bright Futures Wealth Management LLC.’s portfolio, making the stock its largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of Vanguard Mega Cap Growth ETF by 7.0% in the third quarter. Assetmark Inc. now owns 8,503,196 shares of the company’s stock worth $3,421,856,000 after purchasing an additional 558,602 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 6.0% during the second quarter. Cassaday & Co Wealth Management LLC now owns 3,737,341 shares of the company’s stock valued at $1,368,502,000 after buying an additional 211,907 shares during the last quarter. Captrust Financial Advisors increased its holdings in Vanguard Mega Cap Growth ETF by 0.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock worth $611,042,000 after buying an additional 15,432 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in Vanguard Mega Cap Growth ETF in the 3rd quarter worth about $335,586,000. Finally, Osaic Holdings Inc. raised its position in Vanguard Mega Cap Growth ETF by 383.6% in the 2nd quarter. Osaic Holdings Inc. now owns 623,866 shares of the company’s stock worth $228,441,000 after buying an additional 494,855 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 0.9%

Shares of NYSEARCA MGK opened at $386.95 on Monday. The firm’s 50-day moving average price is $403.39 and its 200-day moving average price is $403.17. The company has a market cap of $30.35 billion, a PE 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.