Fernwood Investment Management LLC Grows Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Fernwood Investment Management LLC increased its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,835 shares of the company’s stock after acquiring an additional 759 shares during the period. Vanguard Mega Cap Growth ETF comprises approximately 2.2% of Fernwood Investment Management LLC’s investment portfolio, making the stock its 7th largest holding. Fernwood Investment Management LLC owned 0.06% of Vanguard Mega Cap Growth ETF worth $8,781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc bought a new stake in Vanguard Mega Cap Growth ETF in the fourth quarter valued at approximately $30,000. Authentikos Wealth Advisory LLC bought a new stake in Vanguard Mega Cap Growth ETF in the third quarter valued at approximately $27,000. Criterion Capital Advisors LLC bought a new stake in Vanguard Mega Cap Growth ETF in the fourth quarter valued at approximately $37,000. Winch Advisory Services LLC raised its stake in Vanguard Mega Cap Growth ETF by 100.0% in the fourth quarter. Winch Advisory Services LLC now owns 166 shares of the company’s stock valued at $43,000 after buying an additional 83 shares during the period. Finally, Chilton Capital Management LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at approximately $50,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA MGK traded up $0.70 during trading hours on Monday, reaching $278.62. 181,861 shares of the stock were exchanged, compared to its average volume of 342,687. The firm has a market capitalization of $18.53 billion, a price-to-earnings ratio of 40.90 and a beta of 1.26. Vanguard Mega Cap Growth ETF has a 52 week low of $203.58 and a 52 week high of $291.40. The stock’s fifty day simple moving average is $282.58 and its 200 day simple moving average is $263.79.

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.