Mutual Advisors LLC Increases Stock Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Mutual Advisors LLC has increased its ownership in the Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 11.2% in the third quarter, as reported in its recent Form 13F filing with the Securities and Exchange Commission. After acquiring an additional 453 shares during the quarter, the firm now holds a total of 4,513 shares. The value of Mutual Advisors LLC's investment in the Vanguard Mega Cap Growth ETF stands at $1,476,000 based on the latest SEC filing.

Several other hedge funds have also adjusted their stakes in MGK. Angeles Investment Advisors LLC expanded its position by 105.4% in the second quarter, now owning a total of 887,190 shares valued at approximately $278,764,000 after purchasing an additional 455,250 shares. Prime Capital Investment Advisors LLC made a significant increase of 4,572.4% during the same period, raising its holdings to 295,760 shares worth $92,931,000 thanks to an additional acquisition of 289,430 shares. Comerica Bank also increased its investment by 325.4%, now possessing 359,241 shares valued at $112,877,000 after acquiring 274,801 extra shares.

Moreover, Facet Wealth Inc. initiated a new position in MGK during the first quarter, with an investment around $70,804,000. International Assets Investment Management LLC dramatically raised its stake in the third quarter by 32,115.7%, now owning 129,185 shares valued at $41,591,000 after buying an extra 128,784 shares.

Performance of Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF’s share price was reported at $319.91 as of Friday, down by 3.0%. This ETF has a market capitalization of $21.17 billion, a price-to-earnings (PE) ratio of 42.92, and a beta of 1.28. Its 50-day simple moving average stands at $318.63, while the 200-day simple moving average is at $306.89. In the past year, the ETF has seen a low of $221.88 and a high of $332.63.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that aims to replicate the performance of the CRSP US Mega Growth Index. This index includes stocks from the top 70% of the market capitalization that exhibit growth characteristics. The fund was launched on December 17, 2007, and is managed by Vanguard.

Further Information

For those interested in learning about other hedge fund activities involving MGK, they can access the latest 13F filings and insider trades for the Vanguard Mega Cap Growth ETF.

Mutual, Vanguard, ETF