Power Wealth Management LLC Takes Position in Vanguard Growth ETF (NYSEARCA:VUG)

Power Wealth Management LLC purchased a new position in shares of Vanguard Growth ETF (NYSEARCA:VUG) during the fourth quarter, Holdings Channel.com reports. The fund purchased 873 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TIAA Trust National Association purchased a new stake in Vanguard Growth ETF in the 3rd quarter worth $918,324,000. EP Wealth Advisors LLC raised its position in shares of Vanguard Growth ETF by 878.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,833,826 shares of the company’s stock worth $771,679,000 after purchasing an additional 2,544,151 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Vanguard Growth ETF in the 4th quarter valued at about $710,519,000. Charles Schwab Investment Management Inc. acquired a new stake in Vanguard Growth ETF in the 3rd quarter worth about $212,262,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Vanguard Growth ETF during the 3rd quarter worth approximately $110,719,000.

Vanguard Growth ETF Stock Up 1.7 %

Shares of NYSEARCA VUG traded up $5.79 during midday trading on Friday, hitting $338.99. The stock had a trading volume of 836,023 shares, compared to its average volume of 1,046,997. The stock has a 50 day simple moving average of $338.80 and a 200-day simple moving average of $316.85. The company has a market capitalization of $116.78 billion, a PE ratio of 39.58 and a beta of 1.26. Vanguard Growth ETF has a 1 year low of $246.28 and a 1 year high of $348.88.

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.