Foundations Investment Advisors LLC Raises Position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Foundations Investment Advisors LLC grew its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,189 shares of the company’s stock after acquiring an additional 5,633 shares during the period. Foundations Investment Advisors LLC owned about 0.10% of Vanguard Mega Cap Growth ETF worth $22,730,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MGK. Peterson Financial Group Inc. purchased a new stake in Vanguard Mega Cap Growth ETF during the third quarter worth about $33,000. Copley Financial Group Inc. purchased a new stake in Vanguard Mega Cap Growth ETF during the third quarter worth about $33,000. Bfsg LLC boosted its holdings in Vanguard Mega Cap Growth ETF by 386.7% during the third quarter. Bfsg LLC now owns 146 shares of the company’s stock worth $47,000 after buying an additional 116 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in Vanguard Mega Cap Growth ETF during the third quarter worth about $48,000. Finally, Valley National Advisers Inc. purchased a new stake in Vanguard Mega Cap Growth ETF during the third quarter worth about $55,000.

Vanguard Mega Cap Growth ETF Trading Down 0.6 %

MGK stock opened at $353.62 on Monday. The company has a market cap of $23.41 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 52 week low of $265.99 and a 52 week high of $358.61. The company’s 50-day moving average price is $346.42 and its 200 day moving average price is $327.23.

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.