Falcon Wealth Planning Raises Stock Position in Vanguard Mega Cap Growth ETF $MGK

Falcon Wealth Planning lifted its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 6.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 214,506 shares of the company’s stock after purchasing an additional 13,526 shares during the period. Vanguard Mega Cap Growth ETF comprises approximately 7.9% of Falcon Wealth Planning’s portfolio, making the stock its 2nd biggest holding. Falcon Wealth Planning owned about 0.29% of Vanguard Mega Cap Growth ETF worth $78,546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in MGK. Assetmark Inc. grew its holdings in shares of Vanguard Mega Cap Growth ETF by 3.5% in the first quarter. Assetmark Inc. now owns 7,716,979 shares of the company’s stock worth $2,383,620,000 after purchasing an additional 258,515 shares during the last quarter. Praetorian Wealth Management Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF by 20,186.0% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 152,145 shares of the company’s stock worth $55,710,000 after purchasing an additional 151,395 shares during the period. Merit Financial Group LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 47.1% in the 1st quarter. Merit Financial Group LLC now owns 359,838 shares of the company’s stock worth $111,147,000 after purchasing an additional 115,183 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF by 12.7% in the 1st quarter. Ameriprise Financial Inc. now owns 805,119 shares of the company’s stock worth $248,910,000 after purchasing an additional 90,984 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the 1st quarter worth about $24,178,000.

Vanguard Mega Cap Growth ETF Trading Down 0.5%

NYSEARCA:MGK opened at $397.78 on Friday. The company has a 50-day moving average price of $386.28 and a 200-day moving average price of $350.49. Vanguard Mega Cap Growth ETF has a 12 month low of $262.65 and a 12 month high of $405.86. The stock has a market cap of $29.51 billion, a price-to-earnings ratio of 37.33 and a beta of 1.11.

Vanguard Mega Cap Growth ETF Company 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.