Summit X LLC Raises Stock Position in Vanguard Mega Cap Growth ETF $MGK

Summit X LLC lifted its position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 140.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,000 shares of the company’s stock after buying an additional 1,750 shares during the period. Summit X LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $1,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MGK. Dogwood Wealth Management LLC acquired a new position in Vanguard Mega Cap Growth ETF during the second quarter worth $27,000. Harbor Asset Planning Inc. purchased a new position in shares of Vanguard Mega Cap Growth ETF in the second quarter valued at $28,000. Atlantic Union Bankshares Corp acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter worth $30,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Vanguard Mega Cap Growth ETF during the 1st quarter worth $32,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the 1st quarter worth about $42,000.

Vanguard Mega Cap Growth ETF Trading Down 0.4%

Shares of NYSEARCA MGK opened at $407.90 on Friday. The stock has a market cap of $31.62 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18. The company’s 50-day moving average price is $402.91 and its 200 day moving average price is $373.95. Vanguard Mega Cap Growth ETF has a 52 week low of $262.65 and a 52 week high of $426.80.

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.