Arete Wealth Advisors LLC Buys Shares of 1,324 Vanguard Mega Cap Growth ETF $MGK

Arete Wealth Advisors LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,324 shares of the company’s stock, valued at approximately $551,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nicholas Hoffman & Company LLC. grew its holdings in shares of Vanguard Mega Cap Growth ETF by 80.9% in the third quarter. Nicholas Hoffman & Company LLC. now owns 3,108 shares of the company’s stock valued at $1,251,000 after purchasing an additional 1,390 shares in the last quarter. Madison Wealth Partners Inc purchased a new position in Vanguard Mega Cap Growth ETF in the 3rd quarter valued at approximately $203,000. Creative Financial Designs Inc. ADV boosted its position in Vanguard Mega Cap Growth ETF by 3.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 51,491 shares of the company’s stock valued at $20,721,000 after buying an additional 1,658 shares during the period. TIAA Trust National Association grew its stake in shares of Vanguard Mega Cap Growth ETF by 11.8% in the third quarter. TIAA Trust National Association now owns 1,610 shares of the company’s stock worth $648,000 after acquiring an additional 170 shares in the last quarter. Finally, Buska Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter worth $213,000.

Vanguard Mega Cap Growth ETF Trading Down 0.6%

Shares of NYSEARCA MGK opened at $385.58 on Wednesday. The stock has a market cap of $30.24 billion, a P/E ratio of 37.33 and a beta of 1.18. The business’s fifty day simple moving average is $402.20 and its 200-day simple moving average is $403.15. Vanguard Mega Cap Growth ETF has a 12-month low of $262.65 and a 12-month high of $426.80.

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.