Alpha Cubed Investments LLC Buys 2,123 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Alpha Cubed Investments LLC boosted its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,659 shares of the company’s stock after purchasing an additional 2,123 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $3,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 6.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 259,220 shares of the company’s stock valued at $58,817,000 after buying an additional 14,728 shares in the last quarter. Accurate Wealth Management LLC raised its stake in Vanguard Mega Cap Growth ETF by 5.8% during the third quarter. Accurate Wealth Management LLC now owns 1,730 shares of the company’s stock worth $406,000 after acquiring an additional 95 shares in the last quarter. Hexagon Capital Partners LLC bought a new position in shares of Vanguard Mega Cap Growth ETF in the third quarter worth about $108,000. Joel Isaacson & Co. LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 1.9% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 18,465 shares of the company’s stock valued at $4,190,000 after purchasing an additional 342 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Vanguard Mega Cap Growth ETF by 1.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 233,470 shares of the company’s stock valued at $52,974,000 after purchasing an additional 2,394 shares in the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

MGK stock traded down $5.07 during trading on Tuesday, reaching $273.55. 171,954 shares of the company were exchanged, compared to its average volume of 340,654. The company has a 50-day moving average of $282.56 and a two-hundred day moving average of $264.10. The company has a market capitalization of $18.19 billion, a price-to-earnings ratio of 40.90 and a beta of 1.26. Vanguard Mega Cap Growth ETF has a twelve month low of $203.58 and a twelve month high of $291.40.

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.