Summit Investment Advisory Services LLC Buys 39 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Summit Investment Advisory Services LLC lifted its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 4,125 shares of the company’s stock after purchasing an additional 39 shares during the period. Vanguard Mega Cap Growth ETF comprises 0.7% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 23rd biggest position. Summit Investment Advisory Services LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $1,070,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Resurgent Financial Advisors LLC bought a new position in shares of Vanguard Mega Cap Growth ETF in the fourth quarter worth about $25,000. Authentikos Wealth Advisory LLC acquired a new stake in Vanguard Mega Cap Growth ETF during the third quarter worth about $27,000. Howe & Rusling Inc. grew its position in Vanguard Mega Cap Growth ETF by 76.0% during the second quarter. Howe & Rusling Inc. now owns 176 shares of the company’s stock worth $41,000 after buying an additional 76 shares in the last quarter. BNP Paribas Arbitrage SNC acquired a new stake in Vanguard Mega Cap Growth ETF during the first quarter worth about $45,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in Vanguard Mega Cap Growth ETF during the third quarter worth about $55,000.

Vanguard Mega Cap Growth ETF Trading Down 0.3 %

MGK stock traded down $0.87 during trading on Friday, reaching $286.61. 225,655 shares of the stock were exchanged, compared to its average volume of 341,563. Vanguard Mega Cap Growth ETF has a twelve month low of $197.65 and a twelve month high of $291.40. The company has a market capitalization of $17.04 billion, a P/E ratio of 28.50 and a beta of 1.11. The stock has a 50 day simple moving average of $280.26 and a 200-day simple moving average of $256.33.

Vanguard Mega Cap Growth ETF Company 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.