Powell Investment Advisors LLC increased its position in shares of Vanguard Growth ETF (NYSEARCA:VUG – Free Report) by 500.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,775 shares of the company’s stock after buying an additional 23,981 shares during the quarter. Vanguard Growth ETF accounts for about 0.8% of Powell Investment Advisors LLC’s portfolio, making the stock its 14th biggest holding. Powell Investment Advisors LLC’s holdings in Vanguard Growth ETF were worth $2,479,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of VUG. Kovack Advisors Inc. lifted its stake in Vanguard Growth ETF by 520.2% in the 2nd quarter. Kovack Advisors Inc. now owns 126,623 shares of the company’s stock valued at $10,910,000 after acquiring an additional 106,208 shares in the last quarter. Paragon Private Wealth Management LLC grew its stake in shares of Vanguard Growth ETF by 569.9% during the 2nd quarter. Paragon Private Wealth Management LLC now owns 35,610 shares of the company’s stock worth $3,067,000 after acquiring an additional 30,294 shares in the last quarter. Jim Saulnier & Associates LLC grew its stake in shares of Vanguard Growth ETF by 4,522.2% during the 2nd quarter. Jim Saulnier & Associates LLC now owns 37,625 shares of the company’s stock worth $3,241,000 after acquiring an additional 36,811 shares in the last quarter. Axis Wealth Partners LLC grew its stake in shares of Vanguard Growth ETF by 514.7% during the 2nd quarter. Axis Wealth Partners LLC now owns 56,464 shares of the company’s stock worth $4,864,000 after acquiring an additional 47,278 shares in the last quarter. Finally, Argyle Capital Management LLC acquired a new stake in shares of Vanguard Growth ETF in the second quarter valued at approximately $234,000.
Vanguard Growth ETF Stock Down 0.4%
Shares of VUG stock opened at $89.34 on Friday. The company’s fifty day simple moving average is $86.09 and its 200-day simple moving average is $82.23. The firm has a market cap of $231.11 billion, a PE ratio of 36.22 and a beta of 1.22. Vanguard Growth ETF has a 12 month low of $69.63 and a 12 month high of $90.60.
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. The Index represents the growth companies of the MSCI US Prime Market 750 Index. The MSCI US Prime Market 750 Index represents the universe of large-capitalization companies in the United States equity market.
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