Cherry Creek Investment Advisors Inc. Expands Holdings in Vanguard Mega Cap Growth ETF (MGK)

Cherry Creek Investment Advisors Inc. has increased its investment in the Vanguard Mega Cap Growth ETF (NYSEARCA:MGK), enhancing its stake by 9.5% during the third quarter as reported in its latest SEC filing. The financial firm now possesses 6,067 shares after buying an additional 526 shares within the quarter. The Vanguard Mega Cap Growth ETF represents 0.9% of Cherry Creek Investment Advisors Inc.'s investment portfolio, ranking as the 29th largest holding. The value of their MGK shares amounted to approximately $1,377,000 at quarter's end.

Other Investors Make Moves in MGK

Cherry Creek's portfolio adjustment is part of a larger trend among investors. LPL Financial LLC raised its MGK shares by 6.0% in the second quarter, with a new total of 717,748 shares worth around $168,900,000. Financial Gravity Asset Management Inc. established a new stake in MGK during the first quarter, valued at about $74,000. Allworth Financial LP saw a 5.3% increase in its MGK shares in the second quarter, owning 3,760 shares valued at $885,000. Beaumont Financial Advisors LLC boosted its stake by 4.8%, and Wealthcare Advisory Partners LLC enlarged its MGK shares by 6.0% during the same period.

MGK Stock Performance

The Vanguard Mega Cap Growth ETF stock commenced trading at $259.51 on a recent Friday. It holds a fifty-day moving average of $243.05 and a two-hundred-day moving average of $237.30. With a market capitalization of $15.43 billion, a P/E ratio of 28.50, and a beta of 1.11, MGK has experienced a 52-week low of $167.66 and a 52-week high of $261.78.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF, known by the ticker MGK, is an exchange-traded fund that follows the CRSP US Mega Cap Growth Index, which includes stocks from the top 70% of investable market capitalization selected for growth characteristics. Launched on December 17, 2007, MGK is expertly managed by Vanguard.

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Investment, Acquisition, Growth