Summit Financial LLC Purchases 33 Shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Summit Financial LLC grew its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,256 shares of the company’s stock after purchasing an additional 33 shares during the quarter. Summit Financial LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MGK. Bank of Jackson Hole Trust purchased a new stake in Vanguard Mega Cap Growth ETF in the 4th quarter worth $27,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the fourth quarter worth about $30,000. Mainstream Capital Management LLC bought a new stake in Vanguard Mega Cap Growth ETF during the 4th quarter valued at approximately $31,000. Copley Financial Group Inc. purchased a new position in Vanguard Mega Cap Growth ETF in the 3rd quarter worth approximately $33,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in Vanguard Mega Cap Growth ETF in the 4th quarter worth approximately $40,000.

Vanguard Mega Cap Growth ETF Price Performance

Vanguard Mega Cap Growth ETF stock opened at $313.91 on Thursday. Vanguard Mega Cap Growth ETF has a 1 year low of $266.99 and a 1 year high of $358.64. The firm’s 50 day moving average price is $334.76 and its 200-day moving average price is $335.66. The stock has a market cap of $22.88 billion, a P/E ratio of 35.83 and a beta of 1.15.

Vanguard Mega Cap Growth ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.3397 dividend. This is an increase from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31. The ex-dividend date was Thursday, March 27th.

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.