Spire Wealth Management Increases Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Spire Wealth Management raised its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 77.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,600 shares of the company’s stock after buying an additional 1,572 shares during the period. Spire Wealth Management’s holdings in Vanguard Mega Cap Growth ETF were worth $1,112,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. 1620 Investment Advisors Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter valued at approximately $30,000. Mainstream Capital Management LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF during the fourth quarter valued at approximately $31,000. Garde Capital Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF during the first quarter valued at approximately $49,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at approximately $55,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at approximately $67,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of NYSEARCA MGK opened at $364.55 on Friday. The firm has a market capitalization of $27.05 billion, a price-to-earnings ratio of 38.23 and a beta of 1.11. The stock has a 50 day moving average price of $338.18 and a 200 day moving average price of $334.76. Vanguard Mega Cap Growth ETF has a 52-week low of $262.65 and a 52-week high of $365.33.

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.