Bright Futures Wealth Management LLC. Has $3.06 Million Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Bright Futures Wealth Management LLC. cut its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,761 shares of the company’s stock after selling 86 shares during the quarter. Vanguard Mega Cap Growth ETF accounts for about 2.7% of Bright Futures Wealth Management LLC.’s portfolio, making the stock its 8th biggest holding. Bright Futures Wealth Management LLC.’s holdings in Vanguard Mega Cap Growth ETF were worth $3,063,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MGK. Assetmark Inc. boosted its stake in shares of Vanguard Mega Cap Growth ETF by 3.8% during the 3rd quarter. Assetmark Inc. now owns 7,453,268 shares of the company’s stock worth $2,399,580,000 after acquiring an additional 271,905 shares during the period. Cassaday & Co Wealth Management LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 2.1% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 3,574,349 shares of the company’s stock worth $1,150,762,000 after acquiring an additional 74,966 shares during the period. Captrust Financial Advisors boosted its stake in shares of Vanguard Mega Cap Growth ETF by 756.3% during the 3rd quarter. Captrust Financial Advisors now owns 1,594,858 shares of the company’s stock worth $513,465,000 after acquiring an additional 1,408,609 shares during the period. World Investment Advisors LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 36,249.8% during the 3rd quarter. World Investment Advisors LLC now owns 634,667 shares of the company’s stock worth $204,331,000 after acquiring an additional 632,921 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Vanguard Mega Cap Growth ETF by 0.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 566,062 shares of the company’s stock worth $182,244,000 after acquiring an additional 2,623 shares during the period.

Vanguard Mega Cap Growth ETF Trading Up 1.5 %

Shares of NYSEARCA MGK opened at $356.46 on Friday. Vanguard Mega Cap Growth ETF has a 12 month low of $266.99 and a 12 month high of $358.61. The stock has a 50 day moving average of $349.36 and a 200-day moving average of $330.51. The company has a market capitalization of $23.59 billion, a P/E ratio of 42.92 and a beta of 1.28.

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.