Lane & Associates LLC Invests $393,000 in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Lane & Associates LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,221 shares of the company’s stock, valued at approximately $393,000.

A number of other hedge funds have also made changes to their positions in MGK. Russell Investments Group Ltd. acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the first quarter worth approximately $533,000. Vanguard Group Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 18.8% during the first quarter. Vanguard Group Inc. now owns 8,008 shares of the company’s stock worth $2,295,000 after purchasing an additional 1,268 shares during the last quarter. CreativeOne Wealth LLC bought a new position in Vanguard Mega Cap Growth ETF during the first quarter worth $455,000. Tidal Investments LLC bought a new position in Vanguard Mega Cap Growth ETF during the first quarter worth $1,167,000. Finally, Comerica Bank lifted its stake in Vanguard Mega Cap Growth ETF by 1.0% during the first quarter. Comerica Bank now owns 84,440 shares of the company’s stock worth $24,201,000 after purchasing an additional 864 shares during the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

MGK stock opened at $335.89 on Friday. The stock has a market capitalization of $22.23 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 1 year low of $246.18 and a 1 year high of $342.22. The stock’s fifty day moving average is $326.50 and its two-hundred day moving average is $313.66.

About Vanguard Mega Cap Growth ETF

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.