AdvisorNet Financial Inc Boosts Holdings in Vanguard Mega Cap Growth ETF

AdvisorNet Financial Inc recently increased its stake in the Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 4.8% in the fourth quarter of the previous year, based on details shared in their latest filing with the Securities and Exchange Commission. Following the acquisition of an additional 55 shares, AdvisorNet now holds a total of 1,198 shares in the ETF, valued at approximately $412,000 according to their most recent SEC disclosure.

In addition to AdvisorNet, various other institutional investors and hedge funds have also adjusted their holdings in Vanguard Mega Cap Growth ETF. For instance, Assetmark Inc. increased its position by 3.8% during the third quarter, acquiring an additional 271,905 shares, bringing its total ownership to 7,453,268 shares, valued at about $2.40 billion. Similarly, Cassaday & Co Wealth Management LLC raised its stake by 2.1%, owning 3,574,349 shares worth around $1.15 billion after purchasing 74,966 shares in that same period.

Captrust Financial Advisors made a significant increase to their holdings, boosting their position by an impressive 756.3% in the third quarter, resulting in ownership of 1,594,858 shares valued at approximately $513.5 million. Meanwhile, World Investment Advisors LLC raised its stake by an extraordinary 36,249.8%, now controlling 634,667 shares with a worth of $204.33 million after acquiring an additional 632,921 shares. Lastly, PNC Financial Services Group Inc. lifted its ownership by 0.5%, holding 566,062 shares valued at roughly $182.24 million, following their purchase of an additional 2,623 shares in the last quarter.

Performance of Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF opened trading at $342.18, showing a healthy performance range with a fifty-two week low of $257.42 and a high of $358.61. The fund currently maintains a 50-day simple moving average of $344.91 and a 200-day simple moving average of $326.05. With a market capitalization of $22.65 billion, it carries a P/E ratio of 42.92 and has a beta of 1.28, indicating its volatility compared to the market.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) operates as an exchange-traded fund that follows the CRSP US Mega Growth index. This index is designed to track stocks representing the largest 70% of investable market capitalization based on growth criteria. Launched on December 17, 2007, the fund is managed by Vanguard.

AdvisorNet, Holdings, MGK