RiverFront Investment Group LLC Grows Stake in Vanguard Growth ETF $VUG

RiverFront Investment Group LLC lifted its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 22.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,298 shares of the company’s stock after buying an additional 417 shares during the quarter. RiverFront Investment Group LLC’s holdings in Vanguard Growth ETF were worth $1,007,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VUG. Allianz SE purchased a new position in Vanguard Growth ETF in the first quarter worth about $29,000. Costello Asset Management INC purchased a new stake in shares of Vanguard Growth ETF during the first quarter valued at approximately $31,000. Legend Financial Advisors Inc. bought a new stake in shares of Vanguard Growth ETF during the second quarter valued at approximately $31,000. Biltmore Family Office LLC bought a new stake in shares of Vanguard Growth ETF during the second quarter valued at approximately $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Vanguard Growth ETF in the 2nd quarter worth approximately $32,000.

Vanguard Growth ETF Trading Up 1.8%

VUG stock opened at $484.95 on Wednesday. The stock’s 50 day simple moving average is $483.73 and its 200 day simple moving average is $455.72. Vanguard Growth ETF has a 12-month low of $316.14 and a 12-month high of $505.38. The stock has a market capitalization of $196.85 billion, a PE ratio of 36.22 and a beta of 1.17.

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.