Harbour Investments Inc. Makes New Investment in Vanguard Mega Cap Growth ETF $MGK

Harbour Investments Inc. acquired a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 117,656 shares of the company’s stock, valued at approximately $10,901,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MGK. ODonnell Financial Services LLC increased its stake in Vanguard Mega Cap Growth ETF by 1.8% in the third quarter. ODonnell Financial Services LLC now owns 255,249 shares of the company’s stock valued at $23,649,000 after acquiring an additional 4,417 shares during the period. Amara Financial LLC. raised its position in Vanguard Mega Cap Growth ETF by 4.8% in the third quarter. Amara Financial LLC. now owns 331,231 shares of the company’s stock worth $30,689,000 after purchasing an additional 15,224 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Vanguard Mega Cap Growth ETF during the third quarter worth about $3,247,000. Hansen & Associates Financial Group Inc. bought a new position in Vanguard Mega Cap Growth ETF during the third quarter worth about $307,000. Finally, MSH Capital Advisors LLC bought a new position in Vanguard Mega Cap Growth ETF during the third quarter worth about $249,000.

Vanguard Mega Cap Growth ETF Stock Performance

NYSEARCA MGK traded down $0.84 during trading on Friday, reaching $85.79. 772,319 shares of the company traded hands, compared to its average volume of 1,965,430. The stock’s 50 day moving average price is $90.37 and its two-hundred day moving average price is $85.52. The company has a market cap of $32.43 billion, a price-to-earnings ratio of 28.83 and a beta of 1.25. Vanguard Mega Cap Growth ETF has a 1-year low of $70.32 and a 1-year high of $95.53.

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.