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

Summit X LLC raised its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 140.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

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

Vanguard Mega Cap Growth ETF Price Performance

NYSEARCA MGK opened at $407.90 on Friday. The firm’s fifty day moving average price is $402.91 and its 200 day moving average price is $373.95. Vanguard Mega Cap Growth ETF has a 12 month low of $262.65 and a 12 month high of $426.80. The company has a market capitalization of $31.62 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18.

Vanguard Mega Cap Growth ETF 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.