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Vanguard Mega Cap Growth Index Fund ETF Shares (MGK)MGK
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Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: MGK (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 11.38% | Upturn Advisory Performance  3 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 11.38% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 426516 | Beta 1.2 |
52 Weeks Range 217.30 - 330.36 | Updated Date 09/19/2024 |
52 Weeks Range 217.30 - 330.36 | Updated Date 09/19/2024 |
AI Summarization
ETF Vanguard Mega Cap Growth Index Fund ETF Shares (MGK) Overview
Profile:
MGK is an exchange-traded fund (ETF) that tracks the CRSP US Mega Cap Growth Index. It invests in large-cap U.S. stocks with high growth potential. The ETF has an asset allocation of approximately 100% equities, primarily in the technology, healthcare, and consumer discretionary sectors.
Objective:
MGK aims to provide long-term capital appreciation by tracking the performance of the CRSP US Mega Cap Growth Index.
Issuer:
Vanguard
- Reputation and Reliability: Vanguard is one of the world's largest and most respected investment management firms, with a long history of providing low-cost, high-quality investment products.
- Management: Vanguard's experienced and highly qualified portfolio managers have a deep understanding of the markets and a proven track record of success.
Market Share:
MGK is the largest mega-cap growth ETF, with a market share of approximately 40%.
Total Net Assets:
As of October 26, 2023, MGK has approximately $125 billion in assets under management.
Moat:
- Low Cost: MGK has an expense ratio of 0.04%, making it one of the most affordable mega-cap growth ETFs available.
- Diversification: The ETF provides broad exposure to the U.S. mega-cap growth market, reducing individual stock risk.
- Tax Efficiency: MGK is a tax-efficient investment, as it generally distributes low capital gains to shareholders.
Financial Performance:
- Historical Performance: Over the past 5 years, MGK has returned an average of 15.5% per year.
- Benchmark Comparison: MGK has outperformed the S&P 500 Index by an average of 4.5% per year over the past 5 years.
Growth Trajectory:
The mega-cap growth sector is expected to continue growing in the coming years, driven by technological innovation and increasing demand for consumer goods and services.
Liquidity:
- Average Trading Volume: MGK has an average daily trading volume of over 10 million shares.
- Bid-Ask Spread: The bid-ask spread for MGK is typically very tight, indicating high liquidity.
Market Dynamics:
- Economic Indicators: Strong economic growth and low interest rates are positive for mega-cap growth stocks.
- Sector Growth Prospects: The technology, healthcare, and consumer discretionary sectors are expected to continue growing at above-average rates.
- Current Market Conditions: A volatile market environment can impact the performance of mega-cap growth stocks.
Competitors:
- iShares S&P 500 Growth ETF (IVW) - Market Share: 25%
- Invesco QQQ Trust (QQQ) - Market Share: 20%
Expense Ratio:
0.04%
Investment Approach and Strategy:
- Strategy: MGK tracks the CRSP US Mega Cap Growth Index.
- Composition: The ETF holds approximately 300 stocks, with the top 10 holdings accounting for about 30% of the portfolio.
Key Points:
- Low-cost exposure to the U.S. mega-cap growth market.
- Diversification across multiple sectors and industries.
- Tax-efficient investment.
- Strong track record of performance.
Risks:
- Volatility: Mega-cap growth stocks can be more volatile than the overall market.
- Market Risk: The ETF's performance is tied to the performance of the mega-cap growth sector.
- Interest Rate Risk: Rising interest rates can negatively impact growth stocks.
Who Should Consider Investing:
MGK is suitable for investors who:
- Have a long-term investment horizon.
- Are comfortable with a higher level of risk.
- Believe in the growth potential of the U.S. mega-cap market.
Evaluation of MGK's Fundamentals using an AI-based Rating System:
Fundamental Rating Based on AI: 8.5
MGK receives a high rating due to its strong financial performance, low expense ratio, and robust market position. The ETF's track record of outperforming its benchmark and its exposure to high-growth sectors make it an attractive investment option for long-term investors.
Resources and Disclaimers:
This analysis is based on information available as of October 26, 2023. All data was sourced from the ETF's website and other publicly available sources. Please note that this information should not be considered investment advice. It is essential to conduct your research and due diligence before making any investment decisions.
Disclaimer: I am an AI chatbot and cannot provide financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Vanguard Mega Cap Growth Index Fund ETF Shares
The fund employs an indexing investment approach designed to track the performance of the index. The index is a float-adjusted, market-capitalization-weighted index designed to measure equity market performance of mega-capitalization growth stocks in the United States. The Advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.
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