AdvisorNet Financial Inc Increases Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

AdvisorNet Financial Inc has increased its stake in the Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 4.8% during the fourth quarter of 2024, as reported in its latest filing with the Securities and Exchange Commission (SEC). Following this acquisition, the institutional investor now holds 1,198 shares of the ETF after adding 55 shares during the quarter. As per the recent SEC disclosure, AdvisorNet Financial Inc's investment in the Vanguard Mega Cap Growth ETF is valued at approximately $412,000.

Aside from AdvisorNet, several institutional investors and hedge funds have also made changes to their positions in the Vanguard Mega Cap Growth ETF. For instance, during the third quarter, Assetmark Inc. increased its ownership of the ETF by 3.8%, bringing its total to 7,453,268 shares valued at around $2.40 billion after acquiring an additional 271,905 shares in the last quarter. Similarly, Cassaday & Co Wealth Management LLC raised its stake by 2.1%, now owning 3,574,349 shares valued at $1.15 billion after purchasing an extra 74,966 shares.

Another notable increase came from Captrust Financial Advisors, which enlarged its holdings by a staggering 756.3%. Captrust now manages 1,594,858 shares of the ETF, worth $513 million, following the acquisition of 1,408,609 additional shares. Furthermore, World Investment Advisors LLC reported an increase in its holdings by an astonishing 36,249.8%, resulting in ownership of 634,667 shares valued at $204 million after buying an additional 632,921 shares. Lastly, PNC Financial Services Group Inc. also improved its investment in the ETF by 0.5%, owning 566,062 shares worth $182 million after an additional purchase of 2,623 shares during the last quarter.

Vanguard Mega Cap Growth ETF Price Overview

The current trading price of the Vanguard Mega Cap Growth ETF stands at $342.18. The ETF has experienced a fifty-two week low of $257.42 and a high of $358.61. As of now, the 50-day simple moving average is at $344.91, while the 200-day simple moving average amounts to $326.05. The ETF boasts a market capitalization of approximately $22.65 billion and a price-to-earnings (P/E) ratio of 42.92, with a beta of 1.28 indicating its volatility relative to the market.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that tracks the CRSP US Mega Growth Index. This index features stocks from companies representing the top 70% of investable market capitalization based on growth factors. Launched on December 17, 2007, the ETF is managed by Vanguard, a well-known investment management company.

Vanguard, Investments, Funds