Novem Group Takes $3.85 Million Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Novem Group purchased a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,213 shares of the company’s stock, valued at approximately $3,851,000.

A number of other institutional investors have also recently bought and sold shares of MGK. JPMorgan Chase & Co. boosted its holdings in shares of Vanguard Mega Cap Growth ETF by 18.0% in the fourth quarter. JPMorgan Chase & Co. now owns 71,583 shares of the company’s stock worth $24,582,000 after buying an additional 10,928 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF by 11.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,339 shares of the company’s stock valued at $460,000 after acquiring an additional 137 shares in the last quarter. Amara Financial LLC. boosted its stake in Vanguard Mega Cap Growth ETF by 4.7% in the 4th quarter. Amara Financial LLC. now owns 70,704 shares of the company’s stock worth $24,280,000 after purchasing an additional 3,147 shares during the period. Corient Private Wealth LLC boosted its stake in Vanguard Mega Cap Growth ETF by 71.0% in the 4th quarter. Corient Private Wealth LLC now owns 7,541 shares of the company’s stock worth $2,590,000 after purchasing an additional 3,130 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new position in Vanguard Mega Cap Growth ETF during the 4th quarter worth approximately $1,834,000.

Vanguard Mega Cap Growth ETF Stock Down 0.5%

Shares of NYSEARCA:MGK opened at $345.33 on Wednesday. The company has a market cap of $25.29 billion, a P/E ratio of 36.41 and a beta of 1.20. The company’s fifty day moving average is $312.29 and its two-hundred day moving average is $332.62. Vanguard Mega Cap Growth ETF has a 12-month low of $262.65 and a 12-month high of $358.64.

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.