Summit Financial LLC Raises Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Summit Financial LLC lifted its holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 1.5% in the fourth quarter, HoldingsChannel reports. The firm owned 2,256 shares of the company’s stock after purchasing an additional 33 shares during the quarter. Summit Financial LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $775,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MGK. Pittenger & Anderson Inc. raised its position in Vanguard Mega Cap Growth ETF by 25.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 150 shares of the company’s stock valued at $52,000 after purchasing an additional 30 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in shares of Vanguard Mega Cap Growth ETF by 1.7% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 1,941 shares of the company’s stock valued at $667,000 after purchasing an additional 33 shares during the last quarter. Planning Directions Inc. raised its holdings in Vanguard Mega Cap Growth ETF by 4.5% during the 4th quarter. Planning Directions Inc. now owns 957 shares of the company’s stock valued at $329,000 after buying an additional 41 shares during the period. Geneos Wealth Management Inc. lifted its position in Vanguard Mega Cap Growth ETF by 5.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 917 shares of the company’s stock worth $315,000 after buying an additional 46 shares during the last quarter. Finally, Campbell Wealth Management boosted its stake in Vanguard Mega Cap Growth ETF by 2.4% during the fourth quarter. Campbell Wealth Management now owns 1,973 shares of the company’s stock worth $677,000 after buying an additional 46 shares during the period.

Vanguard Mega Cap Growth ETF Trading Up 0.8 %

Shares of MGK opened at $313.91 on Thursday. The company’s fifty day simple moving average is $334.76 and its 200-day simple moving average is $335.66. The company has a market cap of $22.88 billion, a P/E ratio of 35.83 and a beta of 1.15. Vanguard Mega Cap Growth ETF has a twelve month low of $266.99 and a twelve month high of $358.64.

Vanguard Mega Cap Growth ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.3397 dividend. This is a positive change from Vanguard Mega Cap Growth ETF’s previous dividend of $0.31. The ex-dividend date was Thursday, March 27th.

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.