Gateway Wealth Partners LLC Boosts Stake in Vanguard Mega Cap Growth ETF $MGK

Gateway Wealth Partners LLC boosted its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK – Free Report) by 413.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 63,175 shares of the company’s stock after purchasing an additional 50,879 shares during the period. Vanguard Mega Cap Growth ETF comprises approximately 0.9% of Gateway Wealth Partners LLC’s portfolio, making the stock its 14th largest position. Gateway Wealth Partners LLC owned 0.08% of Vanguard Mega Cap Growth ETF worth $23,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MGK. Ancora Advisors LLC raised its holdings in shares of Vanguard Mega Cap Growth ETF by 88.6% in the 3rd quarter. Ancora Advisors LLC now owns 66 shares of the company’s stock valued at $27,000 after buying an additional 31 shares during the period. IFC & Insurance Marketing Inc. purchased a new position in Vanguard Mega Cap Growth ETF during the 4th quarter valued at about $32,000. Costello Asset Management INC boosted its holdings in Vanguard Mega Cap Growth ETF by 116.3% during the 4th quarter. Costello Asset Management INC now owns 93 shares of the company’s stock valued at $39,000 after acquiring an additional 50 shares during the period. Newbridge Financial Services Group Inc. grew its position in Vanguard Mega Cap Growth ETF by 350.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $41,000 after acquiring an additional 77 shares in the last quarter. Finally, Birchbrook Inc. acquired a new position in Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $43,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA:MGK opened at $84.81 on Monday. The firm has a market capitalization of $31.91 billion, a PE ratio of 37.33 and a beta of 1.24. The firm’s 50-day moving average is $87.93 and its two-hundred day moving average is $82.64. Vanguard Mega Cap Growth ETF has a 1 year low of $70.32 and a 1 year high of $92.38.

Vanguard Mega Cap Growth ETF Company Profile

(Free Report)

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.

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