Principal Securities Inc. Raises Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Principal Securities Inc. boosted its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 33.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,147 shares of the company’s stock after purchasing an additional 537 shares during the quarter. Principal Securities Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $737,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter worth $33,000. Copley Financial Group Inc. bought a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $33,000. Riggs Asset Managment Co. Inc. acquired a new position in Vanguard Mega Cap Growth ETF during the 4th quarter valued at about $40,000. Valley National Advisers Inc. acquired a new position in Vanguard Mega Cap Growth ETF during the 3rd quarter valued at about $55,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $60,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK opened at $355.78 on Friday. The firm’s 50 day moving average is $349.79 and its 200-day moving average is $332.44. The stock has a market capitalization of $26.13 billion, a P/E ratio of 41.72 and a beta of 1.13. Vanguard Mega Cap Growth ETF has a 12-month low of $266.99 and a 12-month high of $358.64.

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.