Investment Planning Advisors Inc. Grows Stock Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Investment Planning Advisors Inc. boosted its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 16.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,895 shares of the company’s stock after buying an additional 402 shares during the quarter. Investment Planning Advisors Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $994,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter worth approximately $33,000. Copley Financial Group Inc. purchased a new stake in Vanguard Mega Cap Growth ETF in the third quarter worth $33,000. Bfsg LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 386.7% during the third quarter. Bfsg LLC now owns 146 shares of the company’s stock worth $47,000 after purchasing an additional 116 shares during the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter valued at $48,000. Finally, Valley National Advisers Inc. bought a new position in shares of Vanguard Mega Cap Growth ETF in the third quarter worth about $55,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA:MGK opened at $343.85 on Tuesday. The firm has a market cap of $22.76 billion, a PE ratio of 42.92 and a beta of 1.28. The firm’s 50 day simple moving average is $346.64 and its 200-day simple moving average is $327.38. Vanguard Mega Cap Growth ETF has a one year low of $265.99 and a one 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.