Michels Family Financial LLC Makes New $1.20 Million Investment in Vanguard Growth ETF (NYSEARCA:VUG)

Michels Family Financial LLC purchased a new stake in Vanguard Growth ETF (NYSEARCA:VUG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,919 shares of the company’s stock, valued at approximately $1,198,000. Vanguard Growth ETF accounts for about 1.1% of Michels Family Financial LLC’s investment portfolio, making the stock its 23rd largest holding.

Other institutional investors also recently made changes to their positions in the company. Accredited Wealth Management LLC acquired a new position in Vanguard Growth ETF during the 4th quarter valued at approximately $26,000. Human Investing LLC acquired a new position in shares of Vanguard Growth ETF during the fourth quarter valued at approximately $28,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Vanguard Growth ETF in the fourth quarter valued at $30,000. Cardinal Strategic Wealth Guidance bought a new position in shares of Vanguard Growth ETF during the 4th quarter valued at about $33,000. Finally, Providence First Trust Co acquired a new position in Vanguard Growth ETF in the fourth quarter worth approximately $33,000.

Vanguard Growth ETF Trading Down 1.0%

Shares of VUG opened at $404.39 on Friday. Vanguard Growth ETF has a 1-year low of $316.14 and a 1-year high of $429.11. The business’s 50-day moving average price is $376.64 and its 200 day moving average price is $399.24. The stock has a market capitalization of $400.77 billion, a P/E ratio of 35.28 and a beta of 1.18.

Vanguard Growth ETF Profile

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.