Griffin Asset Management Inc. Invests $694,000 in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Griffin Asset Management Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,021 shares of the company’s stock, valued at approximately $694,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MGK. Peterson Financial Group Inc. bought a new position in shares of Vanguard Mega Cap Growth ETF in the third quarter valued at approximately $33,000. Copley Financial Group Inc. purchased a new position in Vanguard Mega Cap Growth ETF in the third quarter worth $33,000. Bfsg LLC grew its stake in Vanguard Mega Cap Growth ETF by 386.7% in the 3rd quarter. Bfsg LLC now owns 146 shares of the company’s stock valued at $47,000 after purchasing an additional 116 shares during the period. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the 3rd quarter valued at $48,000. Finally, Valley National Advisers Inc. bought a new stake in shares of Vanguard Mega Cap Growth ETF during the 3rd quarter worth $55,000.

Vanguard Mega Cap Growth ETF Stock Performance

MGK opened at $351.94 on Wednesday. Vanguard Mega Cap Growth ETF has a fifty-two week low of $265.99 and a fifty-two week high of $358.61. The firm has a 50-day moving average of $346.97 and a 200 day moving average of $327.57. The firm has a market cap of $23.29 billion, a P/E ratio of 42.92 and a beta of 1.28.

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.