Valmark Advisers Inc. Increases Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Valmark Advisers Inc. lifted its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,975 shares of the company’s stock after acquiring an additional 320 shares during the period. Valmark Advisers Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $2,070,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MGK. Authentikos Wealth Advisory LLC acquired a new stake in Vanguard Mega Cap Growth ETF in the third quarter valued at $27,000. AdvisorNet Financial Inc purchased a new stake in Vanguard Mega Cap Growth ETF during the 4th quarter worth about $30,000. Criterion Capital Advisors LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the 4th quarter worth about $37,000. Winch Advisory Services LLC increased its position in Vanguard Mega Cap Growth ETF by 100.0% during the 4th quarter. Winch Advisory Services LLC now owns 166 shares of the company’s stock worth $43,000 after purchasing an additional 83 shares in the last quarter. Finally, Chilton Capital Management LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the 4th quarter worth about $50,000.

Vanguard Mega Cap Growth ETF Stock Performance

Vanguard Mega Cap Growth ETF stock traded up $5.11 during midday trading on Friday, reaching $277.92. 1,087,971 shares of the company were exchanged, compared to its average volume of 344,672. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of 40.90 and a beta of 1.26. The firm’s 50-day simple moving average is $282.60 and its 200-day simple moving average is $263.09. Vanguard Mega Cap Growth ETF has a 1 year low of $203.01 and a 1 year high of $291.40.

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.