Savvy Advisors Inc. Makes New Investment in Vanguard Mega Cap Growth ETF $MGK

Savvy Advisors Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,104 shares of the company’s stock, valued at approximately $2,235,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Fortune 45 LLC increased its position in Vanguard Mega Cap Growth ETF by 2.1% during the second quarter. Fortune 45 LLC now owns 7,288 shares of the company’s stock worth $2,669,000 after buying an additional 149 shares during the period. Assetmark Inc. increased its position in Vanguard Mega Cap Growth ETF by 2.9% during the second quarter. Assetmark Inc. now owns 7,944,594 shares of the company’s stock worth $2,909,072,000 after buying an additional 227,615 shares during the period. Keybank National Association OH increased its position in Vanguard Mega Cap Growth ETF by 0.5% during the second quarter. Keybank National Association OH now owns 5,449 shares of the company’s stock worth $1,995,000 after buying an additional 28 shares during the period. Spire Wealth Management increased its position in Vanguard Mega Cap Growth ETF by 76.6% during the second quarter. Spire Wealth Management now owns 6,356 shares of the company’s stock worth $2,327,000 after buying an additional 2,756 shares during the period. Finally, World Investment Advisors increased its position in Vanguard Mega Cap Growth ETF by 7.4% during the second quarter. World Investment Advisors now owns 9,904 shares of the company’s stock worth $3,627,000 after buying an additional 680 shares during the period.

Vanguard Mega Cap Growth ETF Stock Up 0.6%

MGK opened at $425.89 on Thursday. The firm has a market cap of $33.01 billion, a price-to-earnings 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. The business’s 50 day moving average is $398.45 and its two-hundred day moving average is $367.97.

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.