Griffin Asset Management Inc. Purchases 3,500 Shares of Vanguard Mega Cap Growth ETF $MGK

Griffin Asset Management Inc. lifted its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 92.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,284 shares of the company’s stock after purchasing an additional 3,500 shares during the period. Griffin Asset Management Inc.’s holdings in Vanguard Mega Cap Growth ETF were worth $2,667,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MGK. Dogwood Wealth Management LLC bought a new position in shares of Vanguard Mega Cap Growth ETF during the second quarter valued at about $27,000. Redmont Wealth Advisors LLC bought a new stake in Vanguard Mega Cap Growth ETF in the first quarter worth about $32,000. Safe Harbor Fiduciary LLC bought a new stake in Vanguard Mega Cap Growth ETF in the first quarter worth about $32,000. Valued Wealth Advisors LLC bought a new stake in Vanguard Mega Cap Growth ETF in the first quarter worth about $42,000. Finally, Garde Capital Inc. bought a new stake in Vanguard Mega Cap Growth ETF in the first quarter worth about $49,000.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK stock opened at $394.96 on Monday. The firm has a market cap of $30.61 billion, a price-to-earnings ratio of 37.33 and a beta of 1.11. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $410.01. The firm’s 50-day simple moving average is $392.04 and its two-hundred day simple moving average is $357.74.

Vanguard Mega Cap Growth ETF 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.