Acute Investment Advisory LLC Makes New $8.99 Million Investment in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Acute Investment Advisory LLC purchased a new position in shares of Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 26,185 shares of the company’s stock, valued at approximately $8,992,000. Vanguard Mega Cap Growth ETF comprises 9.9% of Acute Investment Advisory LLC’s investment portfolio, making the stock its 3rd largest holding.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the 2nd quarter valued at approximately $361,000. EP Wealth Advisors LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 27.1% during the second quarter. EP Wealth Advisors LLC now owns 1,966 shares of the company’s stock worth $618,000 after acquiring an additional 419 shares in the last quarter. Dana Investment Advisors Inc. boosted its holdings in shares of Vanguard Mega Cap Growth ETF by 9.5% in the second quarter. Dana Investment Advisors Inc. now owns 1,503 shares of the company’s stock worth $472,000 after acquiring an additional 131 shares during the period. Massmutual Trust Co. FSB ADV bought a new stake in shares of Vanguard Mega Cap Growth ETF during the 3rd quarter valued at $48,000. Finally, Park Avenue Securities LLC lifted its holdings in Vanguard Mega Cap Growth ETF by 30.0% during the 3rd quarter. Park Avenue Securities LLC now owns 1,575 shares of the company’s stock worth $507,000 after purchasing an additional 363 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Down 0.5 %

MGK stock opened at $348.18 on Friday. The stock has a 50-day simple moving average of $347.78 and a two-hundred day simple moving average of $328.04. Vanguard Mega Cap Growth ETF has a twelve month low of $265.99 and a twelve month high of $358.61. The firm has a market capitalization of $23.05 billion, a PE ratio of 42.92 and a beta of 1.28.

About Vanguard Mega Cap Growth ETF

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.