Rik Saylor Financial Inc. Boosts Stake in Vanguard Mega Cap Growth ETF $MGK

Rik Saylor Financial Inc. lifted its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 399.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 30,025 shares of the company’s stock after acquiring an additional 24,012 shares during the period. Vanguard Mega Cap Growth ETF makes up 1.7% of Rik Saylor Financial Inc.’s investment portfolio, making the stock its 19th biggest position. Rik Saylor Financial Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $2,640,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Praetorian Wealth Management Inc. increased its stake in Vanguard Mega Cap Growth ETF by 407.9% in the second quarter. Praetorian Wealth Management Inc. now owns 855,232 shares of the company’s stock valued at $75,183,000 after acquiring an additional 686,835 shares during the last quarter. Blue Edge Capital LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the second quarter valued at about $36,035,000. Beacon Capital Management LLC lifted its stake in Vanguard Mega Cap Growth ETF by 292.1% during the second quarter. Beacon Capital Management LLC now owns 530,802 shares of the company’s stock worth $46,663,000 after purchasing an additional 395,439 shares during the last quarter. FC Advisory LLC lifted its stake in Vanguard Mega Cap Growth ETF by 392.2% during the second quarter. FC Advisory LLC now owns 459,040 shares of the company’s stock worth $40,354,000 after purchasing an additional 365,775 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Vanguard Mega Cap Growth ETF by 11.7% during the fourth quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock worth $1,094,325,000 after purchasing an additional 277,446 shares during the last quarter.

Vanguard Mega Cap Growth ETF Trading Up 1.6%

MGK opened at $90.67 on Friday. The stock has a market capitalization of $34.11 billion, a P/E ratio of 37.33 and a beta of 1.24. The stock has a 50-day moving average price of $88.24 and a 200-day moving average price of $84.29. Vanguard Mega Cap Growth ETF has a 12-month low of $70.32 and a 12-month high of $92.38.

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.