Canal Capital Management LLC Boosts Position in Vanguard Growth ETF (NYSEARCA:VUG)

Canal Capital Management LLC lifted its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 188.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,136 shares of the company’s stock after acquiring an additional 1,396 shares during the quarter. Canal Capital Management LLC’s holdings in Vanguard Growth ETF were worth $877,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of VUG. Strategic Financial Concepts LLC boosted its holdings in Vanguard Growth ETF by 34,615.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 5,487,441 shares of the company’s stock worth $2,252,265,000 after buying an additional 5,471,634 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Vanguard Growth ETF by 23.5% during the 4th quarter. Jones Financial Companies Lllp now owns 28,577,762 shares of the company’s stock worth $11,729,457,000 after purchasing an additional 5,429,720 shares during the period. Raymond James Financial Inc. purchased a new position in Vanguard Growth ETF in the fourth quarter valued at $970,862,000. Lincoln National Corp acquired a new stake in shares of Vanguard Growth ETF in the 4th quarter valued at $293,111,000. Finally, Wells Fargo & Company MN boosted its holdings in Vanguard Growth ETF by 15.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,993,557 shares of the company’s stock valued at $1,639,116,000 after purchasing an additional 529,565 shares in the last quarter.

Vanguard Growth ETF Stock Performance

Shares of VUG opened at $352.14 on Monday. 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 $382.13 and a 200-day simple moving average of $399.26. The company has a market capitalization of $348.99 billion, a price-to-earnings ratio of 31.99 and a beta of 1.19.

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.