Synergy Asset Management LLC Makes New $2.52 Million Investment in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Synergy Asset Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 8,012 shares of the company’s stock, valued at approximately $2,517,000.

Several other hedge funds also recently modified their holdings of MGK. Fisher Asset Management LLC grew its holdings in Vanguard Mega Cap Growth ETF by 326.4% during the fourth quarter. Fisher Asset Management LLC now owns 6,579 shares of the company’s stock worth $1,707,000 after acquiring an additional 5,036 shares during the period. Aveo Capital Partners LLC boosted its position in shares of Vanguard Mega Cap Growth ETF by 6.7% during the 4th quarter. Aveo Capital Partners LLC now owns 4,170 shares of the company’s stock valued at $1,082,000 after purchasing an additional 263 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Vanguard Mega Cap Growth ETF by 18.9% in the 4th quarter. Spire Wealth Management now owns 1,884 shares of the company’s stock worth $505,000 after purchasing an additional 300 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 16.3% in the 4th quarter. Private Advisor Group LLC now owns 20,883 shares of the company’s stock worth $5,419,000 after purchasing an additional 2,932 shares in the last quarter. Finally, Wealthspire Advisors LLC acquired a new stake in Vanguard Mega Cap Growth ETF during the fourth quarter valued at approximately $314,000.

Vanguard Mega Cap Growth ETF Stock Down 0.2 %

NYSEARCA:MGK traded down $0.49 during trading hours on Friday, reaching $304.58. 33,169 shares of the company’s stock were exchanged, compared to its average volume of 337,964. The company has a market capitalization of $20.16 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 12 month low of $218.10 and a 12 month high of $330.36. The business’s 50-day simple moving average is $311.12 and its two-hundred day simple moving average is $296.97.

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.