Vanguard Growth ETF (NYSEARCA:VUG) Sees Unusually-High Trading Volume – What’s Next?

Vanguard Growth ETF (NYSEARCA:VUG) shares saw strong trading volume on Wednesday . 2,444,558 shares were traded during mid-day trading, an increase of 100% from the previous session’s volume of 1,224,865 shares.The stock last traded at $331.36 and had previously closed at $329.49.

Vanguard Growth ETF Stock Performance

The firm has a market cap of $356.98 billion, a P/E ratio of 33.17 and a beta of 1.19. The stock’s 50-day moving average is $389.85 and its 200 day moving average is $400.18.

Vanguard Growth ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, March 27th. This is an increase from Vanguard Growth ETF’s previous dividend of $0.46.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. First City Capital Management Inc. boosted its stake in shares of Vanguard Growth ETF by 30.3% during the 4th quarter. First City Capital Management Inc. now owns 1,186 shares of the company’s stock worth $487,000 after buying an additional 276 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Vanguard Growth ETF during the fourth quarter worth about $2,232,000. Empowered Funds LLC acquired a new position in Vanguard Growth ETF during the fourth quarter valued at approximately $236,000. Argentarii LLC bought a new position in Vanguard Growth ETF in the fourth quarter valued at approximately $710,000. Finally, Paces Ferry Wealth Advisors LLC bought a new position in Vanguard Growth ETF in the fourth quarter valued at approximately $218,000.

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.