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

Summit Investment Advisory Services LLC increased its stake in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,125 shares of the company’s stock after buying an additional 39 shares during the period. Vanguard Mega Cap Growth ETF comprises about 0.7% of Summit Investment Advisory Services LLC’s holdings, 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 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC increased its holdings in Vanguard Mega Cap Growth ETF by 169,329.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,371,593 shares of the company’s stock worth $2,989,130,000 after buying an additional 17,361,340 shares during the last quarter. Assetmark Inc. increased its holdings in Vanguard Mega Cap Growth ETF by 1.7% during the third quarter. Assetmark Inc. now owns 6,641,918 shares of the company’s stock worth $1,507,051,000 after buying an additional 108,476 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Vanguard Mega Cap Growth ETF by 12.5% in the first quarter. Bank of America Corp DE now owns 1,894,854 shares of the company’s stock worth $387,517,000 after purchasing an additional 211,208 shares in the last quarter. Morgan Stanley increased its stake in shares of Vanguard Mega Cap Growth ETF by 3.0% in the third quarter. Morgan Stanley now owns 1,559,349 shares of the company’s stock worth $353,816,000 after purchasing an additional 45,970 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Vanguard Mega Cap Growth ETF by 29.0% in the second quarter. Wells Fargo & Company MN now owns 862,993 shares of the company’s stock worth $203,079,000 after purchasing an additional 193,871 shares in the last quarter.

Vanguard Mega Cap Growth ETF Price Performance

Shares of MGK traded down $0.87 during trading hours on Friday, hitting $286.61. The company’s stock had a trading volume of 225,655 shares, compared to its average volume of 341,563. The company has a market cap of $17.04 billion, a price-to-earnings ratio of 28.50 and a beta of 1.11. The business has a 50 day simple moving average of $280.26 and a two-hundred day simple moving average of $256.33. Vanguard Mega Cap Growth ETF has a 52-week low of $197.65 and a 52-week high of $291.40.

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.