New Wave Wealth Advisors LLC Makes New $929,000 Investment in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

New Wave Wealth Advisors LLC acquired a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,958 shares of the company’s stock, valued at approximately $929,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MGK. PSI Advisors LLC acquired a new position in Vanguard Mega Cap Growth ETF in the second quarter valued at about $25,000. YHB Investment Advisors Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF during the 1st quarter worth approximately $29,000. Global Wealth Strategies & Associates bought a new stake in shares of Vanguard Mega Cap Growth ETF during the 1st quarter worth approximately $30,000. Rothschild Investment LLC acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter worth approximately $31,000. Finally, Scarborough Advisors LLC bought a new position in Vanguard Mega Cap Growth ETF in the fourth quarter valued at approximately $32,000.

Vanguard Mega Cap Growth ETF Price Performance

NYSEARCA MGK opened at $321.95 on Tuesday. The business has a fifty day moving average price of $309.02 and a two-hundred day moving average price of $301.00. The stock has a market capitalization of $21.31 billion, a PE ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a fifty-two week low of $218.10 and a fifty-two week high of $330.36.

Vanguard Mega Cap Growth ETF 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.