Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Shares Sold by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC decreased its stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 2,407 shares of the company’s stock after selling 36 shares during the quarter. 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.

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

Vanguard Mega Cap Growth ETF Stock Down 0.6 %

Shares of NYSEARCA MGK opened at $353.62 on Friday. The stock has a market capitalization of $23.41 billion, a price-to-earnings ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 52 week low of $265.99 and a 52 week high of $358.61. The firm has a 50-day simple moving average of $346.42 and a 200-day simple 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.