GeoWealth Management LLC has significantly increased its position in the Vanguard Mega Cap Growth ETF (NYSEARCA:MGK), boosting its holdings by an impressive 27.1% during the second quarter of 2023. According to Holdings Channel, the firm now owns 16,377 shares of the ETF, having acquired an additional 3,492 shares over the quarter, bringing the total value of its stake to approximately $5,997,000 as per its latest filing with the SEC.
Other large investors have also made notable adjustments to their holdings in the Vanguard Mega Cap Growth ETF. Kensington Asset Management LLC entered the fray by purchasing a new stake valued at around $95,863,000 during the same period. Meanwhile, Assetmark Inc. increased its holdings by 2.9%, acquiring an additional 227,615 shares. This brings its total ownership to 7,944,594 shares, with a market value of approximately $2,909,072,000.
Cassaday & Co Wealth Management LLC also expanded its investment, boosting its stake by 6.0% with an acquisition of 211,907 shares, resulting in a total of 3,737,341 shares valued at about $1,368,502,000. Angeles Investment Advisors LLC made a remarkable increase of 59.2%, now holding 459,590 shares valued at around $168,288,000 after adding 170,950 shares.
In a striking move, Praetorian Wealth Management Inc. grew its holdings by 20,186.0%, now owning 152,145 shares valued at approximately $55,710,000. This increase reflects a substantial investment in the Vanguard Mega Cap Growth ETF during the second quarter.
Current Performance of Vanguard Mega Cap Growth ETF
As of the latest trading session, shares of the Vanguard Mega Cap Growth ETF opened at $415.78. The ETF boasts a market capitalization of $32.23 billion and has a price-to-earnings ratio of 37.33, with a beta of 1.18. Over the past year, the fund has experienced a twelve-month low of $262.65 and a high of $426.80. Its 50-day simple moving average stands at $409.02, while the 200-day simple moving average is $384.86.
Understanding Vanguard Mega Cap Growth ETF
The Vanguard Mega Cap Growth ETF, launched on December 17, 2007, is designed to track the CRSP US Mega Cap Growth Index. This index selects stocks from the top 70% of investable market capitalization based on various growth factors. Vanguard manages the fund, which has become a popular choice among investors looking to capitalize on large-cap growth opportunities.
For those interested in the latest movements of hedge funds holding the Vanguard Mega Cap Growth ETF, Holdings Channel offers updated insights, including 13F filings and insider trades related to the ETF.
