SOL Capital Management CO Buys 1,847 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

SOL Capital Management CO grew its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 5.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 34,831 shares of the company’s stock after acquiring an additional 1,847 shares during the quarter. Vanguard Mega Cap Growth ETF comprises approximately 1.2% of SOL Capital Management CO’s investment portfolio, making the stock its 21st largest position. SOL Capital Management CO’s holdings in Vanguard Mega Cap Growth ETF were worth $10,759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its position in shares of Vanguard Mega Cap Growth ETF by 2.7% during the fourth quarter. Captrust Financial Advisors now owns 1,637,452 shares of the company’s stock worth $562,317,000 after purchasing an additional 42,594 shares during the period. LPL Financial LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 14.5% during the fourth quarter. LPL Financial LLC now owns 1,080,875 shares of the company’s stock worth $371,183,000 after purchasing an additional 136,586 shares during the period. Ameriprise Financial Inc. raised its position in shares of Vanguard Mega Cap Growth ETF by 23.6% during the fourth quarter. Ameriprise Financial Inc. now owns 714,135 shares of the company’s stock worth $245,284,000 after purchasing an additional 136,347 shares during the period. Royal Bank of Canada raised its position in shares of Vanguard Mega Cap Growth ETF by 6.5% during the fourth quarter. Royal Bank of Canada now owns 432,793 shares of the company’s stock worth $148,626,000 after purchasing an additional 26,268 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 3.2% during the fourth quarter. Cerity Partners LLC now owns 394,571 shares of the company’s stock worth $135,500,000 after purchasing an additional 12,212 shares during the period.

Vanguard Mega Cap Growth ETF Price Performance

NYSEARCA MGK opened at $359.47 on Thursday. The firm has a market cap of $26.81 billion, a P/E ratio of 38.23 and a beta of 1.20. The stock’s 50-day moving average is $335.34 and its 200-day moving average is $334.57. Vanguard Mega Cap Growth ETF has a one year low of $262.65 and a one year high of $360.62.

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.