Torray Funds and Matrix Asset Advisors added small positions in Vanguard Growth ETF (VUG) despite recent tech volatility. Vanguard Growth ETF carries a 0.04% expense ratio and holds heavy exposure to Magnificent Seven stocks. Matrix Asset Advisors also bought Vanguard FTSE Developed ETF (VEA) to gain diversified exposure outside U.S. markets.

Billionaire hedge funds have been trading individual names, mostly selling. Despite recent tech volatility, standing by proven winners with reasonable multiples is advised. Rotating into defensive parts of the market to take gains off the table is recommended, but rotating just for the sake of it may yield mixed results.

Hedge funds bought Vanguard ETFs in the third quarter, a smart move to diversify. Matrix Asset Advisors increased positions in Vanguard Growth ETF (VUG) and Vanguard FTSE Developed ETF (VEA). Vanguard Growth ETF has a low expense ratio of 0.04% and outpaced the S&P year-to-date. Vanguard FTSE Developed ETF offers exposure to influential large-cap firms outside the U.S.

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Read more at Yahoo Finance: Legendary Hedge Funds Bought These 2 Vanguard ETFs in Q3