Kovack Advisors Inc. Grows Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Kovack Advisors Inc. boosted its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,209 shares of the company’s stock after acquiring an additional 250 shares during the quarter. Kovack Advisors Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $3,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Pittenger & Anderson Inc. grew its stake in Vanguard Mega Cap Growth ETF by 25.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 150 shares of the company’s stock valued at $52,000 after buying an additional 30 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in shares of Vanguard Mega Cap Growth ETF by 1.7% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 1,941 shares of the company’s stock valued at $667,000 after purchasing an additional 33 shares in the last quarter. Strategic Blueprint LLC grew its position in shares of Vanguard Mega Cap Growth ETF by 2.2% during the 3rd quarter. Strategic Blueprint LLC now owns 1,933 shares of the company’s stock valued at $622,000 after purchasing an additional 42 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Vanguard Mega Cap Growth ETF by 5.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 917 shares of the company’s stock worth $315,000 after acquiring an additional 46 shares in the last quarter. Finally, Campbell Wealth Management grew its position in Vanguard Mega Cap Growth ETF by 2.4% in the fourth quarter. Campbell Wealth Management now owns 1,973 shares of the company’s stock worth $677,000 after acquiring an additional 46 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA:MGK opened at $341.51 on Thursday. Vanguard Mega Cap Growth ETF has a 52-week low of $266.99 and a 52-week high of $358.64. The firm has a fifty day moving average of $348.98 and a 200 day moving average of $334.21. The firm has a market capitalization of $25.08 billion, a PE ratio of 41.72 and a beta of 1.13.

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.