Erickson Financial Group LLC lessened its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK – Free Report) by 10.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 74,547 shares of the company’s stock after selling 8,776 shares during the period. Vanguard Mega Cap Growth ETF comprises approximately 18.4% of Erickson Financial Group LLC’s investment portfolio, making the stock its 2nd biggest position. Erickson Financial Group LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $27,297,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. AlphaCore Capital LLC increased its stake in shares of Vanguard Mega Cap Growth ETF by 49.1% during the 2nd quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock worth $572,000 after purchasing an additional 514 shares during the last quarter. Franklin Resources Inc. raised its holdings in Vanguard Mega Cap Growth ETF by 2.9% during the second quarter. Franklin Resources Inc. now owns 1,226 shares of the company’s stock valued at $449,000 after buying an additional 35 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Vanguard Mega Cap Growth ETF by 9.2% in the second quarter. JPMorgan Chase & Co. now owns 83,322 shares of the company’s stock worth $30,511,000 after buying an additional 6,999 shares during the last quarter. NFP Retirement Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter worth about $15,265,000. Finally, Kensington Asset Management LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter worth about $95,863,000.
Vanguard Mega Cap Growth ETF Stock Performance
Shares of NYSEARCA MGK opened at $397.21 on Friday. The business’s 50-day simple moving average is $406.63 and its 200-day simple moving average is $379.92. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $426.80. The firm has a market cap of $30.79 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18.
Vanguard Mega Cap Growth ETF 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.
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