Maloon Powers Pitre Higgins & Dennehy LLC Makes New Investment in Vanguard Mega Cap Growth ETF $MGK

Maloon Powers Pitre Higgins & Dennehy LLC bought a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the second quarter, Holdings Channel reports. The fund bought 5,665 shares of the company’s stock, valued at approximately $498,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 1.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,487 shares of the company’s stock valued at $614,000 after acquiring an additional 26 shares in the last quarter. Avestar Capital LLC raised its stake in Vanguard Mega Cap Growth ETF by 0.9% in the 4th quarter. Avestar Capital LLC now owns 3,450 shares of the company’s stock worth $1,424,000 after purchasing an additional 30 shares in the last quarter. Ancora Advisors LLC raised its stake in Vanguard Mega Cap Growth ETF by 88.6% in the 3rd quarter. Ancora Advisors LLC now owns 66 shares of the company’s stock worth $27,000 after purchasing an additional 31 shares in the last quarter. Key Financial Inc boosted its holdings in Vanguard Mega Cap Growth ETF by 4.7% in the 4th quarter. Key Financial Inc now owns 753 shares of the company’s stock valued at $311,000 after purchasing an additional 34 shares during the period. Finally, Retirement Planning Group LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 4.9% in the 4th quarter. Retirement Planning Group LLC now owns 786 shares of the company’s stock valued at $324,000 after purchasing an additional 37 shares during the period.

Vanguard Mega Cap Growth ETF Stock Down 0.5%

Shares of NYSEARCA:MGK opened at $90.23 on Friday. The company’s 50 day moving average price is $88.36 and its two-hundred day moving average price is $84.33. Vanguard Mega Cap Growth ETF has a 12-month low of $70.32 and a 12-month high of $92.38. The firm has a market cap of $33.94 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.