Strategic Financial Concepts LLC Purchases New Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Strategic Financial Concepts LLC acquired a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 4th quarter, Holdings Channel reports. The fund acquired 241,120 shares of the company’s stock, valued at approximately $82,803,000.

Several other hedge funds also recently made changes to their positions in the company. Peterson Financial Group Inc. acquired a new stake in shares of Vanguard Mega Cap Growth ETF in the 3rd quarter valued at about $33,000. Copley Financial Group Inc. purchased a new stake in Vanguard Mega Cap Growth ETF in the third quarter valued at approximately $33,000. Riggs Asset Managment Co. Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth approximately $40,000. Bfsg LLC increased its holdings in shares of Vanguard Mega Cap Growth ETF by 386.7% in the 3rd quarter. Bfsg LLC now owns 146 shares of the company’s stock valued at $47,000 after acquiring an additional 116 shares during the period. Finally, Valley National Advisers Inc. purchased a new stake in Vanguard Mega Cap Growth ETF in the 3rd quarter valued at $55,000.

Vanguard Mega Cap Growth ETF Price Performance

Shares of NYSEARCA:MGK opened at $353.00 on Friday. The stock has a market cap of $23.37 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 1-year low of $266.99 and a 1-year high of $358.61. The firm has a fifty day moving average price of $348.73 and a 200 day moving average price of $328.96.

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.