Independent Advisor Alliance Makes New $15.35 Million Investment in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Independent Advisor Alliance acquired a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,687 shares of the company’s stock, valued at approximately $15,346,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MGK. Bank of Jackson Hole Trust purchased a new position in Vanguard Mega Cap Growth ETF during the 4th quarter worth $27,000. Mainstream Capital Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $31,000. Peterson Financial Group Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at about $33,000. Copley Financial Group Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at about $33,000. Finally, Riggs Asset Managment Co. Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at about $40,000.

Vanguard Mega Cap Growth ETF Stock Up 0.1 %

Shares of NYSEARCA:MGK opened at $323.81 on Monday. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 36.87 and a beta of 1.15. The firm’s 50-day simple moving average is $345.84 and its 200-day simple moving average is $335.32. Vanguard Mega Cap Growth ETF has a fifty-two week low of $266.99 and a fifty-two week high of $358.64.

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.