Blackston Financial Advisory Group LLC Acquires New Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Blackston Financial Advisory Group LLC bought a new position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the third quarter, Holdings Channel.com reports. The institutional investor bought 48,749 shares of the company’s stock, valued at approximately $15,695,000. Vanguard Mega Cap Growth ETF accounts for approximately 8.1% of Blackston Financial Advisory Group LLC’s portfolio, making the stock its largest holding.

A number of other institutional investors have also bought and sold shares of MGK. LPL Financial LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 7.7% in the second quarter. LPL Financial LLC now owns 960,362 shares of the company’s stock valued at $301,755,000 after purchasing an additional 68,840 shares during the period. Angeles Investment Advisors LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 105.4% in the second quarter. Angeles Investment Advisors LLC now owns 887,190 shares of the company’s stock valued at $278,764,000 after acquiring an additional 455,250 shares during the last quarter. Angeles Wealth Management LLC grew its position in Vanguard Mega Cap Growth ETF by 8.1% in the second quarter. Angeles Wealth Management LLC now owns 454,071 shares of the company’s stock worth $142,674,000 after acquiring an additional 33,981 shares during the period. Comerica Bank increased its stake in Vanguard Mega Cap Growth ETF by 325.4% during the second quarter. Comerica Bank now owns 359,241 shares of the company’s stock worth $112,877,000 after acquiring an additional 274,801 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC raised its position in Vanguard Mega Cap Growth ETF by 4,572.4% in the second quarter. Prime Capital Investment Advisors LLC now owns 295,760 shares of the company’s stock valued at $92,931,000 after purchasing an additional 289,430 shares during the period.

Vanguard Mega Cap Growth ETF Trading Up 0.1 %

NYSEARCA MGK opened at $327.64 on Friday. The stock has a fifty day simple moving average of $317.55 and a 200-day simple moving average of $305.51. The stock has a market cap of $21.69 billion, a PE ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a twelve month low of $218.10 and a twelve month high of $330.79.

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.