Fortune 45 LLC Boosts Stock Position in Vanguard Mega Cap Growth ETF $MGK

Fortune 45 LLC increased its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 400.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,611 shares of the company’s stock after buying an additional 29,296 shares during the quarter. Vanguard Mega Cap Growth ETF comprises approximately 1.4% of Fortune 45 LLC’s holdings, making the stock its 8th largest position. Fortune 45 LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $3,219,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Accel Wealth Management raised its position in Vanguard Mega Cap Growth ETF by 387.7% in the second quarter. Accel Wealth Management now owns 9,890 shares of the company’s stock worth $869,000 after acquiring an additional 7,862 shares in the last quarter. Cornerstone Wealth Group LLC bought a new position in shares of Vanguard Mega Cap Growth ETF during the 1st quarter valued at about $3,191,000. Royal Bank of Canada boosted its position in shares of Vanguard Mega Cap Growth ETF by 2.0% during the 1st quarter. Royal Bank of Canada now owns 466,332 shares of the company’s stock valued at $171,349,000 after purchasing an additional 9,145 shares in the last quarter. Leelyn Smith LLC grew its stake 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 purchasing an additional 8,770 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake 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 purchasing an additional 26,681 shares during the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

NYSEARCA MGK opened at $90.67 on Friday. Vanguard Mega Cap Growth ETF has a 12 month low of $70.32 and a 12 month high of $92.38. The company has a market capitalization of $34.11 billion, a P/E ratio of 37.33 and a beta of 1.24. The company’s 50 day simple moving average is $88.24 and its 200 day simple moving average is $84.29.

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.