Concurrent Investment Advisors LLC Increases Stock Position in Vanguard Growth ETF $VUG

Concurrent Investment Advisors LLC boosted its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 742.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,073,414 shares of the company’s stock after buying an additional 946,008 shares during the period. Vanguard Growth ETF makes up 0.8% of Concurrent Investment Advisors LLC’s investment portfolio, making the stock its 16th largest position. Concurrent Investment Advisors LLC’s holdings in Vanguard Growth ETF were worth $92,464,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VUG. Turning Point Benefit Group Inc. purchased a new position in shares of Vanguard Growth ETF in the third quarter worth $26,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Vanguard Growth ETF during the fourth quarter valued at $35,000. Garner Asset Management Corp purchased a new stake in shares of Vanguard Growth ETF during the fourth quarter valued at $41,000. Murphy & Mullick Capital Management Corp bought a new stake in Vanguard Growth ETF in the 4th quarter worth about $41,000. Finally, Lifetime Wealth Management P.C. bought a new stake in Vanguard Growth ETF in the 4th quarter worth about $44,000.

Vanguard Growth ETF Stock Performance

VUG opened at $88.88 on Friday. The stock has a market capitalization of $229.92 billion, a P/E ratio of 36.22 and a beta of 1.22. The company’s 50-day simple moving average is $86.77 and its two-hundred day simple moving average is $83.12. Vanguard Growth ETF has a 52-week low of $69.63 and a 52-week high of $90.60.

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. 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.