Mutual Advisors LLC Boosts Stake in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

As of November 1, 2024, Mutual Advisors LLC has increased its ownership in the Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 11.2% during the third quarter, according to their latest Form 13F submission to the Securities & Exchange Commission (SEC). Following this increase, the fund now holds 4,513 shares of MGK after buying an additional 453 shares during the quarter. As per their SEC filing, Mutual Advisors LLC's total stake in the Vanguard Mega Cap Growth ETF is valued at approximately $1,476,000.

Other hedge funds have also adjusted their holdings of MGK. Angeles Investment Advisors LLC enhanced its position in the Vanguard Mega Cap Growth ETF by an impressive 105.4% in the second quarter. After this increase, Angeles Investment Advisors LLC now owns 887,190 shares worth an estimated $278,764,000. Similarly, Prime Capital Investment Advisors LLC significantly expanded its holdings by 4,572.4% during the same quarter, accumulating 295,760 shares valued at around $92,931,000 after purchasing an additional 289,430 shares.

Moreover, Comerica Bank increased its stake by 325.4% in the second quarter, leading to ownership of 359,241 shares valued at approximately $112,877,000 after buying an additional 274,801 shares. Additionally, Facet Wealth Inc. entered the market with a new position in Vanguard Mega Cap Growth ETF during the first quarter, investing approximately $70,804,000. Lastly, International Assets Investment Management LLC expanded its holdings by an astounding 32,115.7% in the third quarter, acquiring 129,185 shares worth about $41,591,000 after purchasing an additional 128,784 shares.

Current Market Position of Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) opened at $319.91 recently, boasting a market capitalization of $21.17 billion. The ETF has a price-to-earnings (PE) ratio of 42.92 and a beta rating of 1.28. The fund's 50-day moving average stands at $318.63, while the 200-day moving average is $306.89. Over the past year, MGK 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 mirror the performance of the CRSP US Mega Growth Index. This index comprises stocks from the upper 70% of investable market capitalization, selected based on growth factors. Launched on December 17, 2007, the ETF is managed by Vanguard, a recognized leader in investment management.

Mutual Advisors, Vanguard, ETFs