Cornerstone Wealth Group LLC Takes $3.19 Million Position in Vanguard Mega Cap Growth ETF $MGK

Cornerstone Wealth Group LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,685 shares of the company’s stock, valued at approximately $3,191,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MGK. Assetmark Inc. boosted its stake in Vanguard Mega Cap Growth ETF by 1.0% during the 4th quarter. Assetmark Inc. now owns 8,590,832 shares of the company’s stock valued at $3,546,038,000 after acquiring an additional 87,636 shares during the last quarter. Morgan Stanley grew its holdings in Vanguard Mega Cap Growth ETF by 11.7% during the 4th quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock worth $1,094,325,000 after acquiring an additional 277,446 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Vanguard Mega Cap Growth ETF by 0.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock worth $611,042,000 after purchasing an additional 15,432 shares during the last quarter. LPL Financial LLC increased its position in shares of Vanguard Mega Cap Growth ETF by 0.4% in the 4th quarter. LPL Financial LLC now owns 1,173,852 shares of the company’s stock worth $484,531,000 after purchasing an additional 5,134 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Vanguard Mega Cap Growth ETF by 0.8% in the 4th quarter. UBS Group AG now owns 1,100,021 shares of the company’s stock valued at $454,056,000 after purchasing an additional 9,098 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK stock opened at $84.27 on Friday. Vanguard Mega Cap Growth ETF has a one year low of $70.32 and a one year high of $92.38. The company’s 50-day simple moving average is $87.09 and its 200-day simple moving average is $81.97. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 37.33 and a beta of 1.24.

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.