Zhang Financial LLC Has $10.83 Million Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Zhang Financial LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 121.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,547 shares of the company’s stock after acquiring an additional 17,310 shares during the quarter. Zhang Financial LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $10,833,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGK. Assetmark Inc. grew its position in shares of Vanguard Mega Cap Growth ETF by 3.8% in the 3rd quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock valued at $2,399,580,000 after acquiring an additional 271,905 shares during the period. Cassaday & Co Wealth Management LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 2.1% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 3,574,349 shares of the company’s stock worth $1,150,762,000 after acquiring an additional 74,966 shares during the period. Captrust Financial Advisors raised its stake in Vanguard Mega Cap Growth ETF by 756.3% in the 3rd quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock valued at $513,465,000 after acquiring an additional 1,408,609 shares during the period. World Investment Advisors LLC lifted its stake in shares of Vanguard Mega Cap Growth ETF by 36,249.8% during the 3rd quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock worth $204,331,000 after buying an additional 632,921 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 0.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 566,062 shares of the company’s stock valued at $182,244,000 after purchasing an additional 2,623 shares during the period.

Vanguard Mega Cap Growth ETF Trading Up 1.4 %

Shares of MGK opened at $346.91 on Monday. The stock has a market capitalization of $22.96 billion, a PE ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 12 month low of $261.32 and a 12 month high of $358.61. The firm’s 50 day moving average is $345.05 and its 200-day moving average is $326.34.

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.