Sovran Advisors LLC Takes $1.87 Million Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Sovran Advisors LLC bought a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,562 shares of the company’s stock, valued at approximately $1,874,000.

Several other institutional investors also recently added to or reduced their stakes in MGK. AQR Capital Management LLC purchased a new position in Vanguard Mega Cap Growth ETF during the 2nd quarter worth $361,000. Concourse Financial Group Securities Inc. raised its holdings in Vanguard Mega Cap Growth ETF by 5.1% during the third quarter. Concourse Financial Group Securities Inc. now owns 2,731 shares of the company’s stock worth $879,000 after purchasing an additional 133 shares in the last quarter. Sound Income Strategies LLC lifted its position in Vanguard Mega Cap Growth ETF by 222.5% in the third quarter. Sound Income Strategies LLC now owns 1,848 shares of the company’s stock valued at $595,000 after purchasing an additional 1,275 shares during the period. VitalStone Financial LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 109.6% in the 3rd quarter. VitalStone Financial LLC now owns 1,002 shares of the company’s stock valued at $323,000 after purchasing an additional 524 shares in the last quarter. Finally, Procyon Advisors LLC increased its position in Vanguard Mega Cap Growth ETF by 1.5% during the 3rd quarter. Procyon Advisors LLC now owns 6,083 shares of the company’s stock worth $1,958,000 after purchasing an additional 90 shares during the period.

Vanguard Mega Cap Growth ETF Price Performance

Vanguard Mega Cap Growth ETF stock opened at $352.33 on Tuesday. The stock’s 50 day moving average price is $349.09 and its 200 day moving average price is $329.83. The company has a market cap of $23.32 billion, a PE ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 1-year low of $266.99 and a 1-year high of $358.61.

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.