Summit Investment Advisory Services LLC Makes New $865,000 Investment in Vanguard Mega Cap Growth ETF $MGK

Summit Investment Advisory Services LLC acquired a new stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,361 shares of the company’s stock, valued at approximately $865,000. Vanguard Mega Cap Growth ETF makes up about 0.4% of Summit Investment Advisory Services LLC’s holdings, making the stock its 29th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC bought a new stake in Vanguard Mega Cap Growth ETF during the 2nd quarter worth $27,000. Harbor Asset Planning Inc. bought a new stake in Vanguard Mega Cap Growth ETF in the second quarter valued at approximately $28,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Vanguard Mega Cap Growth ETF during the second quarter worth $30,000. North Star Investment Management Corp. grew its holdings in Vanguard Mega Cap Growth ETF by 182.1% during the 3rd quarter. North Star Investment Management Corp. now owns 110 shares of the company’s stock worth $44,000 after acquiring an additional 71 shares during the period. Finally, Dynamic Wealth Strategies LLC bought a new stake in Vanguard Mega Cap Growth ETF in the second quarter worth approximately $44,000.

Vanguard Mega Cap Growth ETF Stock Up 0.7%

Vanguard Mega Cap Growth ETF stock opened at $413.20 on Wednesday. The company has a market capitalization of $32.41 billion, a PE ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a 12-month low of $262.65 and a 12-month high of $426.80. The firm’s fifty day moving average is $411.40 and its 200 day moving average is $400.79.

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.