Wealthfront Advisers LLC Increases Holdings in Vanguard Mega Cap Growth ETF $MGK

Wealthfront Advisers LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 10.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,764 shares of the company’s stock after acquiring an additional 6,697 shares during the quarter. Wealthfront Advisers LLC owned about 0.09% of Vanguard Mega Cap Growth ETF worth $25,634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 139.5% in the 4th quarter. Brighton Jones LLC now owns 1,509 shares of the company’s stock worth $518,000 after acquiring an additional 879 shares during the last quarter. AQR Capital Management LLC grew its holdings in Vanguard Mega Cap Growth ETF by 127.3% during the 1st quarter. AQR Capital Management LLC now owns 3,830 shares of the company’s stock valued at $1,183,000 after purchasing an additional 2,145 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Vanguard Mega Cap Growth ETF by 1.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 107,285 shares of the company’s stock valued at $33,138,000 after purchasing an additional 1,483 shares during the last quarter. Russell Investments Group Ltd. raised its position in Vanguard Mega Cap Growth ETF by 12.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,117 shares of the company’s stock worth $775,000 after purchasing an additional 233 shares during the period. Finally, Invesco Ltd. purchased a new stake in Vanguard Mega Cap Growth ETF in the 2nd quarter worth about $238,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA MGK opened at $89.46 on Thursday. Vanguard Mega Cap Growth ETF has a 1 year low of $63.74 and a 1 year high of $92.38. The firm has a 50-day simple moving average of $88.16 and a two-hundred day simple moving average of $82.45. The company has a market cap of $33.65 billion, a P/E ratio of 37.33 and a beta of 1.24.

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.