Summit Investment Advisory Services LLC Reduces Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Summit Investment Advisory Services LLC lessened its holdings in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,407 shares of the company’s stock after selling 36 shares during the period. Summit Investment Advisory Services LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $826,000 at the end of the most recent reporting period.

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

Vanguard Mega Cap Growth ETF Stock Performance

Vanguard Mega Cap Growth ETF stock opened at $353.62 on Friday. Vanguard Mega Cap Growth ETF has a one year low of $265.99 and a one year high of $358.61. The stock has a market cap of $23.41 billion, a PE ratio of 42.92 and a beta of 1.28. The stock has a 50-day moving average of $346.42 and a two-hundred day moving average of $327.25.

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.