Vanguard Growth ETF $VUG Shares Purchased by Covington Investment Advisors Inc.

Covington Investment Advisors Inc. increased its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 472.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 54,394 shares of the company’s stock after acquiring an additional 44,897 shares during the period. Covington Investment Advisors Inc.’s holdings in Vanguard Growth ETF were worth $4,685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Turning Point Benefit Group Inc. acquired a new stake in shares of Vanguard Growth ETF during the 3rd quarter worth about $26,000. Strategic Wealth Advisors LLC acquired a new position in Vanguard Growth ETF in the fourth quarter valued at about $35,000. Garner Asset Management Corp acquired a new position in Vanguard Growth ETF in the fourth quarter valued at about $41,000. Murphy & Mullick Capital Management Corp purchased a new position in Vanguard Growth ETF during the fourth quarter worth about $41,000. Finally, Lifetime Wealth Management P.C. purchased a new position in Vanguard Growth ETF during the fourth quarter worth about $44,000.

Vanguard Growth ETF Price Performance

Shares of VUG opened at $87.50 on Monday. Vanguard Growth ETF has a 1-year low of $69.63 and a 1-year high of $90.60. The stock has a market cap of $226.35 billion, a PE ratio of 36.22 and a beta of 1.22. The firm has a 50-day simple moving average of $86.36 and a two-hundred day simple moving average of $82.48.

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.