Wealth Management Strategies Inc. Invests $24.49 Million in Vanguard Growth ETF (NYSEARCA:VUG)

Wealth Management Strategies Inc. bought a new stake in Vanguard Growth ETF (NYSEARCA:VUG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 59,668 shares of the company’s stock, valued at approximately $24,490,000. Vanguard Growth ETF makes up approximately 18.8% of Wealth Management Strategies Inc.’s portfolio, making the stock its biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in shares of Vanguard Growth ETF during the 4th quarter worth $2,232,000. Empowered Funds LLC acquired a new stake in Vanguard Growth ETF in the fourth quarter valued at $236,000. Argentarii LLC purchased a new stake in Vanguard Growth ETF during the 4th quarter worth about $710,000. Paces Ferry Wealth Advisors LLC acquired a new position in shares of Vanguard Growth ETF during the 4th quarter worth about $218,000. Finally, O Dell Group LLC boosted its position in shares of Vanguard Growth ETF by 12.5% during the 4th quarter. O Dell Group LLC now owns 2,245 shares of the company’s stock worth $922,000 after acquiring an additional 249 shares in the last quarter.

Vanguard Growth ETF Stock Performance

Shares of NYSEARCA VUG opened at $404.39 on Friday. The stock’s 50-day simple moving average is $376.64 and its 200-day simple moving average is $399.24. The firm has a market capitalization of $400.77 billion, a PE ratio of 35.28 and a beta of 1.18. Vanguard Growth ETF has a fifty-two week low of $316.14 and a fifty-two week high of $429.11.

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.