Wealth Management Strategies Inc. Acquires Shares of 59,668 Vanguard Growth ETF (NYSEARCA:VUG)

Wealth Management Strategies Inc. acquired a new position in shares of Vanguard Growth ETF (NYSEARCA:VUG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 59,668 shares of the company’s stock, valued at approximately $24,490,000. Vanguard Growth ETF accounts for about 18.8% of Wealth Management Strategies Inc.’s holdings, making the stock its biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in VUG. Strategic Financial Concepts LLC lifted its stake in Vanguard Growth ETF by 34,615.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 5,487,441 shares of the company’s stock valued at $2,252,265,000 after buying an additional 5,471,634 shares during the last quarter. Jones Financial Companies Lllp raised its position in Vanguard Growth ETF by 23.5% in the 4th quarter. Jones Financial Companies Lllp now owns 28,577,762 shares of the company’s stock valued at $11,729,457,000 after purchasing an additional 5,429,720 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Vanguard Growth ETF in the 4th quarter valued at $970,862,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in Vanguard Growth ETF during the 4th quarter worth $458,461,000. Finally, Lincoln National Corp acquired a new position in Vanguard Growth ETF in the fourth quarter valued at $293,111,000.

Vanguard Growth ETF Stock Performance

Shares of VUG opened at $404.39 on Friday. Vanguard Growth ETF has a fifty-two week low of $316.14 and a fifty-two week high of $429.11. The firm has a 50-day simple moving average of $376.64 and a 200-day simple moving average of $399.24. The company has a market capitalization of $400.77 billion, a price-to-earnings ratio of 35.28 and a beta of 1.18.

Vanguard Growth ETF Company 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.