NewEdge Wealth LLC Raises Position in Vanguard Growth ETF $VUG

NewEdge Wealth LLC raised its position in Vanguard Growth ETF (NYSEARCA:VUG) by 507.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 283,847 shares of the company’s stock after buying an additional 237,088 shares during the period. NewEdge Wealth LLC’s holdings in Vanguard Growth ETF were worth $24,451,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VUG. Turning Point Benefit Group Inc. acquired a new stake in shares of Vanguard Growth ETF in the third quarter worth approximately $26,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Vanguard Growth ETF during the fourth quarter worth approximately $35,000. Garner Asset Management Corp acquired a new position in Vanguard Growth ETF in the 4th quarter valued at $41,000. Murphy & Mullick Capital Management Corp acquired a new position in Vanguard Growth ETF in the 4th quarter valued at $41,000. Finally, Lifetime Wealth Management P.C. purchased a new position in Vanguard Growth ETF in the 4th quarter valued at $44,000.

Vanguard Growth ETF Stock Performance

Shares of VUG stock opened at $87.93 on Thursday. Vanguard Growth ETF has a fifty-two week low of $69.63 and a fifty-two week high of $90.60. The stock’s fifty day moving average is $86.28 and its two-hundred day moving average is $82.38. The firm has a market capitalization of $227.46 billion, a P/E ratio of 36.22 and a beta of 1.22.

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. 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.