Bennett Associates Wealth Management Increases Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Bennett Associates Wealth Management increased its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,858 shares of the company’s stock after buying an additional 107 shares during the quarter. Vanguard Mega Cap Growth ETF comprises approximately 5.7% of Bennett Associates Wealth Management’s holdings, making the stock its 5th largest position. Bennett Associates Wealth Management’s holdings in Vanguard Mega Cap Growth ETF were worth $6,819,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Peterson Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter worth approximately $33,000. Copley Financial Group Inc. acquired a new position in Vanguard Mega Cap Growth ETF during the 3rd quarter worth $33,000. Bfsg LLC grew its stake in shares of Vanguard Mega Cap Growth ETF by 386.7% in the third quarter. Bfsg LLC now owns 146 shares of the company’s stock worth $47,000 after purchasing an additional 116 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter valued at $48,000. Finally, Valley National Advisers Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter valued at about $55,000.

Vanguard Mega Cap Growth ETF Trading Down 0.8 %

Vanguard Mega Cap Growth ETF stock opened at $342.18 on Friday. Vanguard Mega Cap Growth ETF has a 52 week low of $257.42 and a 52 week high of $358.61. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. The company’s 50-day moving average price is $344.91 and its two-hundred day moving average price is $326.05.

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.