GeoWealth Management LLC has significantly increased its position in the Vanguard Mega Cap Growth ETF (NYSEARCA: MGK) by 27.1% during the second quarter of 2023. According to Holdings Channel, this increase means GeoWealth now owns 16,377 shares of the ETF, having acquired an additional 3,492 shares in the same period. The total value of GeoWealth’s holdings in the Vanguard Mega Cap Growth ETF is approximately $5,997,000, as reported in their most recent filing with the U.S. Securities and Exchange Commission (SEC).
In addition to GeoWealth, several other notable investors have also adjusted their stakes in MGK. Kensington Asset Management LLC entered the market with a new investment valued at around $95,863,000 during the second quarter. Meanwhile, Assetmark Inc. increased its holdings by 2.9%, bringing its total to 7,944,594 shares, worth approximately $2,909,072,000 after acquiring an additional 227,615 shares.
Cassaday & Co Wealth Management LLC also expanded its stake by 6.0%, now owning 3,737,341 shares valued at about $1,368,502,000. Angeles Investment Advisors LLC made a more substantial move, boosting its stake by 59.2%, resulting in ownership of 459,590 shares worth $168,288,000 after acquiring 170,950 shares. Praetorian Wealth Management Inc. recorded a remarkable increase of 20,186.0%, now holding 152,145 shares valued at $55,710,000 after adding 151,395 shares.
Current Market Performance
As of the latest trading session, shares of the Vanguard Mega Cap Growth ETF opened at $415.78. The ETF boasts a market capitalization of $32.23 billion, with a price-to-earnings ratio of 37.33 and a beta of 1.18. Over the past year, MGK has experienced a range, with a low point of $262.65 and a high of $426.80. The fund’s 50-day simple moving average stands at $409.02, while its 200-day simple moving average is reported at $384.86.
About the Vanguard Mega Cap Growth ETF
The Vanguard Mega Cap Growth ETF (MGK) was launched on December 17, 2007, and is designed to track the CRSP US Mega Growth Index. This index selects stocks from the top 70% of investable market capitalization, focusing on growth factors. The ETF is managed by Vanguard, a well-known investment management company.
Investors interested in the latest developments regarding Vanguard Mega Cap Growth ETF can find additional information, including 13F filings and insider trades, on HoldingsChannel.com.
