First Heartland Consultants Inc. Makes New Investment in Vanguard Mega Cap Growth ETF $MGK

First Heartland Consultants Inc. purchased a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,630 shares of the company’s stock, valued at approximately $3,394,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MGK. Cassaday & Co Wealth Management LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 1.3% during the first quarter. Cassaday & Co Wealth Management LLC now owns 3,719,368 shares of the company’s stock valued at $1,366,645,000 after buying an additional 48,165 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Vanguard Mega Cap Growth ETF by 399.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,554,068 shares of the company’s stock worth $312,423,000 after buying an additional 2,842,779 shares during the last quarter. Angeles Wealth Management LLC raised its position in Vanguard Mega Cap Growth ETF by 402.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 2,869,561 shares of the company’s stock worth $252,281,000 after buying an additional 2,298,377 shares during the last quarter. Praetorian Wealth Management Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 407.9% during the 2nd 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 period. Finally, PNC Financial Services Group Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 531,713 shares of the company’s stock valued at $195,372,000 after acquiring an additional 14,064 shares during the period.

Vanguard Mega Cap Growth ETF Stock Down 1.3%

Shares of MGK stock opened at $93.73 on Friday. The company has a 50 day moving average price of $90.74 and a 200-day moving average price of $86.87. Vanguard Mega Cap Growth ETF has a 52 week low of $70.32 and a 52 week high of $95.53. The firm has a market capitalization of $35.27 billion, a PE ratio of 37.33 and a beta of 1.24.

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.