Rise Advisors LLC Boosts Position in Vanguard Growth ETF $VUG

Rise Advisors LLC lifted its stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 482.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 609,959 shares of the company’s stock after buying an additional 505,231 shares during the period. Vanguard Growth ETF accounts for about 14.8% of Rise Advisors LLC’s investment portfolio, making the stock its biggest holding. Rise Advisors LLC’s holdings in Vanguard Growth ETF were worth $52,542,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Turning Point Benefit Group Inc. bought a new position in Vanguard Growth ETF during the third quarter worth $26,000. Kentucky Trust Co boosted its position in shares of Vanguard Growth ETF by 500.0% during the 2nd quarter. Kentucky Trust Co now owns 336 shares of the company’s stock worth $29,000 after purchasing an additional 280 shares in the last quarter. Byrne Asset Management LLC grew its stake in shares of Vanguard Growth ETF by 500.0% in the 2nd quarter. Byrne Asset Management LLC now owns 372 shares of the company’s stock valued at $32,000 after buying an additional 310 shares during the period. Strategic Wealth Advisors LLC acquired a new stake in shares of Vanguard Growth ETF in the 4th quarter valued at about $35,000. Finally, Garner Asset Management Corp bought a new stake in Vanguard Growth ETF in the 4th quarter valued at about $41,000.

Vanguard Growth ETF Stock Performance

Shares of NYSEARCA:VUG opened at $88.59 on Wednesday. The business’s 50 day simple moving average is $86.01 and its two-hundred day simple moving average is $82.05. The firm has a market cap of $229.17 billion, a P/E ratio of 36.22 and a beta of 1.22. Vanguard Growth ETF has a 52-week low of $69.63 and a 52-week high of $90.60.

About Vanguard Growth ETF

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.