AdvisorNet Financial Inc Increases Holdings in Vanguard Mega Cap Growth ETF

AdvisorNet Financial Inc has increased its investment in the Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 4.8% during the fourth quarter, as reported in its latest filing with the Securities and Exchange Commission. Following this acquisition, AdvisorNet now holds 1,198 shares of the ETF after adding 55 more shares during this period. As per the recent SEC disclosure, these holdings are valued at $412,000.

Other institutional investors and hedge funds have also adjusted their stakes in the Vanguard Mega Cap Growth ETF. For instance, Assetmark Inc. has increased its investment by 3.8% in the third quarter, owning a total of 7,453,268 shares worth approximately $2.4 billion after acquiring an additional 271,905 shares. Similarly, Cassaday & Co Wealth Management LLC raised its stake by 2.1%, bringing its total to 3,574,349 shares valued at around $1.15 billion after purchasing 74,966 more shares during the same quarter.

Captrust Financial Advisors made a significant move by increasing its holdings by 756.3%, now owning 1,594,858 shares valued at $513 million after adding 1,408,609 shares. World Investment Advisors LLC dramatically upped its stake by 36,249.8% in the third quarter, resulting in ownership of 634,667 shares valued at approximately $204 million after acquiring 632,921 additional shares. Lastly, PNC Financial Services Group Inc. increased its position by 0.5%, holding 566,062 shares valued at $182 million following the purchase of 2,623 shares.

Performance Overview of Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF stock opened at $342.18 on Friday. Currently, the ETF has experienced a 52-week low of $257.42 and a high of $358.61. The 50-day simple moving average stands at $344.91, while the 200-day simple moving average is at $326.05. The ETF boasts a market capitalization of $22.65 billion, a price-to-earnings (P/E) ratio of 42.92, and a beta of 1.28, indicating its volatility compared to the broader market.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund (ETF) that tracks the CRSP US Mega Cap Growth Index. This index comprises stocks from the top 70% of investable market capitalization based on specific growth factors. Launched on December 17, 2007, the fund is managed by Vanguard, providing investors with exposure to large, growth-oriented companies.

Vanguard, ETF, Holdings