Pinnacle Associates Ltd. lifted its position in Vanguard Growth ETF (NYSEARCA:VUG – Free Report) by 16.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,343 shares of the company’s stock after acquiring an additional 1,020 shares during the period. Pinnacle Associates Ltd.’s holdings in Vanguard Growth ETF were worth $3,219,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of VUG. Allianz SE acquired a new stake in shares of Vanguard Growth ETF in the 1st quarter valued at approximately $29,000. Hager Investment Management Services LLC acquired a new stake in shares of Vanguard Growth ETF in the 1st quarter valued at approximately $31,000. Costello Asset Management INC acquired a new stake in shares of Vanguard Growth ETF in the 1st quarter valued at approximately $31,000. Legend Financial Advisors Inc. acquired a new stake in shares of Vanguard Growth ETF in the 2nd quarter valued at approximately $31,000. Finally, Biltmore Family Office LLC acquired a new stake in shares of Vanguard Growth ETF in the 2nd quarter valued at approximately $31,000.
Vanguard Growth ETF Price Performance
Shares of NYSEARCA:VUG opened at $498.85 on Friday. The company has a market capitalization of $202.49 billion, a price-to-earnings ratio of 36.22 and a beta of 1.17. The firm’s 50 day simple moving average is $476.87 and its 200 day simple moving average is $441.74. Vanguard Growth ETF has a fifty-two week low of $316.14 and a fifty-two week high of $505.38.
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.
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