GeoWealth Management LLC has significantly increased its holdings in the Vanguard Mega Cap Growth ETF (NYSEARCA: MGK) by 27.1% during the second quarter of 2023. The firm now owns 16,377 shares of the ETF, having acquired an additional 3,492 shares within this period. According to the most recent filing with the U.S. Securities and Exchange Commission (SEC), GeoWealth’s total investment in the Vanguard Mega Cap Growth ETF is valued at approximately $5,997,000.
Several other prominent investors have also adjusted their positions in the Vanguard Mega Cap Growth ETF. Notably, Kensington Asset Management LLC purchased a new stake worth around $95,863,000 during the same quarter. Assetmark Inc. expanded its holdings by 2.9%, bringing its total to 7,944,594 shares valued at approximately $2,909,072,000 after acquiring an additional 227,615 shares.
Cassaday & Co Wealth Management LLC increased its stake by 6.0%, now owning 3,737,341 shares worth about $1,368,502,000. Meanwhile, Angeles Investment Advisors LLC saw a substantial growth of 59.2% in its holdings, resulting in 459,590 shares valued at $168,288,000.
One of the most remarkable increases came from Praetorian Wealth Management Inc., which grew its position by an astonishing 20,186.0%. This dramatic rise brought its holdings to 152,145 shares valued at approximately $55,710,000 following the purchase of 151,395 additional shares.
Current Market Performance of Vanguard Mega Cap Growth ETF
On Friday, 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, indicating its volatility relative to the market. Over the past year, the ETF has experienced a low of $262.65 and a high of $426.80. The fund’s 50-day simple moving average currently stands at $409.02, while the 200-day simple moving average is at $384.86.
About 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 Cap Growth Index. This index selects stocks from the top 70% of investable market capitalization based on growth factors. Managed by Vanguard, the ETF aims to provide investors with exposure to some of the largest growth-oriented companies in the United States.
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