Praetorian Wealth Management Inc. Has $75.18 Million Stock Position in Vanguard Mega Cap Growth ETF $MGK

Praetorian Wealth Management Inc. increased its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 407.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 855,232 shares of the company’s stock after acquiring an additional 686,835 shares during the period. Vanguard Mega Cap Growth ETF makes up approximately 13.0% of Praetorian Wealth Management Inc.’s investment portfolio, making the stock its biggest position. Praetorian Wealth Management Inc. owned 0.23% of Vanguard Mega Cap Growth ETF worth $75,183,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Cornerstone Wealth Group LLC bought a new position in Vanguard Mega Cap Growth ETF during the first quarter valued at $3,191,000. Leelyn Smith LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 6.1% in the 1st quarter. Leelyn Smith LLC now owns 152,036 shares of the company’s stock worth $55,864,000 after acquiring an additional 8,770 shares during the last quarter. WNY Asset Management LLC bought a new stake in shares of Vanguard Mega Cap Growth ETF in the 1st quarter worth about $3,133,000. Kestra Advisory Services LLC lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 61.1% in the 1st quarter. Kestra Advisory Services LLC now owns 70,315 shares of the company’s stock worth $25,836,000 after acquiring an additional 26,681 shares during the last quarter. Finally, Diversify Wealth Management LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF during the 1st quarter worth about $6,372,000.

Vanguard Mega Cap Growth ETF Trading Down 0.1%

Shares of NYSEARCA:MGK opened at $90.01 on Friday. The company has a market capitalization of $33.86 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24. Vanguard Mega Cap Growth ETF has a 12 month low of $70.32 and a 12 month high of $92.38. The firm’s 50-day moving average is $87.56 and its 200 day moving average is $82.92.

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.