Vanguard Mega Cap Growth ETF $MGK is Cedar Point Capital Partners LLC’s 3rd Largest Position

Cedar Point Capital Partners LLC increased its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.4% in the 1st quarter, HoldingsChannel reports. The firm owned 31,995 shares of the company’s stock after purchasing an additional 437 shares during the period. Vanguard Mega Cap Growth ETF comprises approximately 6.6% of Cedar Point Capital Partners LLC’s holdings, making the stock its 3rd largest position. Cedar Point Capital Partners LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $9,883,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Vanguard Mega Cap Growth ETF by 32.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 139,025 shares of the company’s stock worth $42,942,000 after purchasing an additional 33,910 shares in the last quarter. Ameriprise Financial Inc. grew its position in Vanguard Mega Cap Growth ETF by 12.7% during the first quarter. Ameriprise Financial Inc. now owns 805,119 shares of the company’s stock worth $248,910,000 after buying an additional 90,984 shares during the period. CW Advisors LLC acquired a new position in Vanguard Mega Cap Growth ETF during the first quarter worth about $10,826,000. Venture Visionary Partners LLC grew its position in Vanguard Mega Cap Growth ETF by 3.9% during the first quarter. Venture Visionary Partners LLC now owns 806 shares of the company’s stock worth $249,000 after buying an additional 30 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Vanguard Mega Cap Growth ETF during the first quarter worth about $24,178,000.

Vanguard Mega Cap Growth ETF Trading Up 1.5%

Shares of MGK opened at $384.01 on Friday. The firm’s 50-day moving average is $372.39 and its two-hundred day moving average is $342.47. Vanguard Mega Cap Growth ETF has a twelve month low of $262.65 and a twelve month high of $390.89. The firm has a market capitalization of $28.49 billion, a P/E ratio of 37.33 and a beta of 1.11.

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.