Mutual Advisors LLC Increases Stake in Vanguard Mega Cap Growth ETF

Mutual Advisors LLC has increased its holdings in the Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 11.2% during the third quarter of 2024. According to the latest Form 13F filing submitted to the Securities and Exchange Commission, Mutual Advisors LLC acquired an additional 453 shares, bringing its total ownership to 4,513 shares. These holdings were valued at approximately $1,476,000 as of the most recent filing.

In addition to Mutual Advisors LLC, several other hedge funds have also adjusted their positions in the Vanguard Mega Cap Growth ETF. Notably, Angeles Investment Advisors LLC has grown its stake by 105.4% in the second quarter, acquiring 455,250 shares to reach a total of 887,190 shares worth about $278,764,000. Prime Capital Investment Advisors LLC has seen a dramatic increase of 4,572.4% during the same period, owning 295,760 shares valued at approximately $92,931,000 after acquiring 289,430 additional shares.

Comerica Bank also made significant adjustments, increasing its position by 325.4% during the second quarter, resulting in ownership of 359,241 shares worth around $112,877,000 after purchasing an additional 274,801 shares. Another notable addition is Facet Wealth Inc., which established a new position in the ETF valued around $70,804,000 in the first quarter. International Assets Investment Management LLC reported a staggering increase in its holdings by 32,115.7% during the third quarter, now owning 129,185 shares valued at approximately $41,591,000 after acquiring 128,784 shares.

Current Trading Status of Vanguard Mega Cap Growth ETF

As of the most recent trading day, shares of the Vanguard Mega Cap Growth ETF opened at $319.91. The fund boasts a market capitalization of $21.17 billion and has a price-to-earnings (PE) ratio of 42.92. Its beta stands at 1.28, indicating moderate volatility compared to the broader market. The ETF has a 50-day simple moving average of $318.63 and a 200-day simple moving average of $306.89. The shares have varied significantly over the past year, reaching a low of $221.88 and a high of $332.63.

Overview of Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund designed to track the CRSP US Mega Growth Index. This index includes stocks from the largest U.S. companies that exhibit strong growth attributes, representing the top 70% of investable market capitalization. The ETF was launched on December 17, 2007, and is managed by Vanguard.

Mutual, Advisors, Vanguard