Raab & Moskowitz Asset Management LLC Purchases 1,543 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Raab & Moskowitz Asset Management LLC raised its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 52,897 shares of the company’s stock after acquiring an additional 1,543 shares during the period. Vanguard Mega Cap Growth ETF accounts for about 4.3% of Raab & Moskowitz Asset Management LLC’s portfolio, making the stock its 3rd largest position. Raab & Moskowitz Asset Management LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $13,727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Truist Financial Corp boosted its holdings in Vanguard Mega Cap Growth ETF by 629.8% in the 4th quarter. Truist Financial Corp now owns 80,429 shares of the company’s stock valued at $20,872,000 after purchasing an additional 69,409 shares during the last quarter. McClarren Financial Advisors Inc. boosted its holdings in Vanguard Mega Cap Growth ETF by 1.5% in the 4th quarter. McClarren Financial Advisors Inc. now owns 21,310 shares of the company’s stock valued at $5,530,000 after purchasing an additional 323 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in Vanguard Mega Cap Growth ETF by 2.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 31,989 shares of the company’s stock valued at $8,301,000 after purchasing an additional 900 shares during the last quarter. Monument Group Wealth Advisors LLC acquired a new position in Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $263,000. Finally, RWA Wealth Partners LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $344,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK stock opened at $277.92 on Friday. The firm’s 50 day moving average price is $282.58 and its 200-day moving average price is $263.40. Vanguard Mega Cap Growth ETF has a one year low of $203.01 and a one year high of $291.40. The firm has a market cap of $18.48 billion, a P/E ratio of 40.90 and a beta of 1.26.

Vanguard Mega Cap Growth ETF Company 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.