David Kennon Inc Takes $203,000 Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

David Kennon Inc purchased a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 591 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Falcon Wealth Planning increased its stake in Vanguard Mega Cap Growth ETF by 4.7% in the fourth quarter. Falcon Wealth Planning now owns 175,886 shares of the company’s stock worth $60,401,000 after purchasing an additional 7,928 shares during the period. Investment Planning Advisors Inc. grew its holdings in shares of Vanguard Mega Cap Growth ETF by 16.1% in the fourth quarter. Investment Planning Advisors Inc. now owns 2,895 shares of the company’s stock worth $994,000 after purchasing an additional 402 shares during the last quarter. Prospect Financial Services LLC purchased a new position in Vanguard Mega Cap Growth ETF in the 4th quarter worth about $323,000. Perigon Wealth Management LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 4.6% during the 4th quarter. Perigon Wealth Management LLC now owns 1,138 shares of the company’s stock valued at $389,000 after buying an additional 50 shares in the last quarter. Finally, Griffin Asset Management Inc. purchased a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $694,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA:MGK opened at $351.94 on Wednesday. The firm’s 50 day simple moving average is $346.97 and its 200-day simple moving average is $327.57. Vanguard Mega Cap Growth ETF has a one year low of $265.99 and a one year high of $358.61. The firm has a market cap of $23.29 billion, a PE ratio of 42.92 and a beta of 1.28.

Vanguard Mega Cap Growth ETF 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.