Fonville Wealth Management LLC Makes New $5.13 Million Investment in Vanguard Growth ETF (NYSEARCA:VUG)

Fonville Wealth Management LLC purchased a new position in shares of Vanguard Growth ETF (NYSEARCA:VUG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,490 shares of the company’s stock, valued at approximately $5,126,000. Vanguard Growth ETF makes up about 2.7% of Fonville Wealth Management LLC’s holdings, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VUG. Allspring Global Investments Holdings LLC bought a new stake in shares of Vanguard Growth ETF in the 4th quarter worth approximately $27,000. ARK Investment Management LLC raised its holdings in shares of Vanguard Growth ETF by 73.2% in the 4th quarter. ARK Investment Management LLC now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Arvest Investments Inc. bought a new stake in shares of Vanguard Growth ETF in the 4th quarter worth approximately $30,000. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Vanguard Growth ETF in the 3rd quarter worth approximately $27,000. Finally, Orion Capital Management LLC bought a new stake in shares of Vanguard Growth ETF in the 3rd quarter worth approximately $35,000.

Vanguard Growth ETF Trading Down 0.6 %

Shares of NYSEARCA VUG traded down $2.01 during midday trading on Thursday, reaching $329.92. The company’s stock had a trading volume of 1,045,266 shares, compared to its average volume of 1,058,045. The company has a 50 day moving average price of $339.63 and a 200 day moving average price of $312.63. Vanguard Growth ETF has a one year low of $242.98 and a one year high of $348.88. The company has a market cap of $113.65 billion, a price-to-earnings ratio of 40.31 and a beta of 1.24.

About Vanguard Growth ETF

Vanguard Growth Index Fund, formerly Vanguard Growth ETF, is an exchange-traded share class of Vanguard Growth Index Fund, which employs a passive management or indexing investment approach designed to track the performance of the MSCI US Prime Market Growth Index (the Index). The Index is a diversified index of growth stocks of large United States companies.