Cadence Bank Invests $397,000 in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Cadence Bank bought a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,156 shares of the company’s stock, valued at approximately $397,000.

A number of other hedge funds have also recently added to or reduced their stakes in MGK. Bank of Jackson Hole Trust purchased a new position in shares of Vanguard Mega Cap Growth ETF during the 4th quarter valued at approximately $27,000. 1620 Investment Advisors Inc. purchased a new position in Vanguard Mega Cap Growth ETF in the 4th quarter valued at about $30,000. Mainstream Capital Management LLC purchased a new stake in Vanguard Mega Cap Growth ETF during the 4th quarter worth approximately $31,000. Copley Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter valued at approximately $33,000. Finally, Riggs Asset Managment Co. Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF in the fourth quarter valued at approximately $40,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK opened at $292.51 on Friday. The stock has a 50 day moving average price of $318.48 and a 200 day moving average price of $332.85. The stock has a market capitalization of $21.27 billion, a price-to-earnings ratio of 32.92 and a beta of 1.20. Vanguard Mega Cap Growth ETF has a one year low of $262.65 and a one year high of $358.64.

Vanguard Mega Cap Growth ETF Company Profile

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.