Sowell Financial Services LLC Buys New Shares in Vanguard Mega Cap Growth ETF $MGK

Sowell Financial Services LLC bought a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 77,706 shares of the company’s stock, valued at approximately $7,199,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. City State Bank boosted its position in shares of Vanguard Mega Cap Growth ETF by 1.5% in the third quarter. City State Bank now owns 14,926 shares of the company’s stock worth $1,383,000 after purchasing an additional 226 shares during the period. Quadrant Capital Group LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter worth $233,000. Bell Bank purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter worth $681,000. Diversify Advisory Services LLC increased its stake in shares of Vanguard Mega Cap Growth ETF by 43.5% in the third quarter. Diversify Advisory Services LLC now owns 24,226 shares of the company’s stock worth $2,230,000 after purchasing an additional 7,342 shares in the last quarter. Finally, Mason & Associates LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 100.0% during the 3rd quarter. Mason & Associates LLC now owns 8,550 shares of the company’s stock valued at $792,000 after purchasing an additional 4,275 shares during the period.

Vanguard Mega Cap Growth ETF Stock Performance

MGK opened at $90.83 on Wednesday. Vanguard Mega Cap Growth ETF has a fifty-two week low of $70.32 and a fifty-two week high of $95.53. The firm’s fifty day moving average is $91.19 and its 200 day moving average is $87.94. The stock has a market cap of $34.18 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24.

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.