Grimes & Company Inc. Increases Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Grimes & Company Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 13.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,722 shares of the company’s stock after buying an additional 446 shares during the quarter. Grimes & Company Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $1,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mutual Advisors LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 11.8% in the third quarter. Mutual Advisors LLC now owns 2,739 shares of the company’s stock valued at $621,000 after acquiring an additional 289 shares in the last quarter. Trexquant Investment LP lifted its holdings in Vanguard Mega Cap Growth ETF by 130.1% in the 3rd quarter. Trexquant Investment LP now owns 2,174 shares of the company’s stock valued at $493,000 after purchasing an additional 1,229 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 107.7% during the 3rd quarter. Axxcess Wealth Management LLC now owns 21,436 shares of the company’s stock worth $4,864,000 after purchasing an additional 11,116 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $9,836,000. Finally, Lido Advisors LLC grew its holdings in shares of Vanguard Mega Cap Growth ETF by 18.5% during the third quarter. Lido Advisors LLC now owns 5,136 shares of the company’s stock worth $1,165,000 after buying an additional 802 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK opened at $314.21 on Friday. Vanguard Mega Cap Growth ETF has a 1 year low of $218.10 and a 1 year high of $319.44. The company’s 50 day simple moving average is $295.30 and its 200 day simple moving average is $281.62. The company has a market capitalization of $20.80 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28.

Vanguard Mega Cap Growth ETF Profile

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.