Vanguard Growth ETF (NYSEARCA:VUG) Trading Up 1.6% – Still a Buy?

Vanguard Growth ETF (NYSEARCA:VUG)’s stock price traded up 1.6% during mid-day trading on Thursday . The stock traded as high as $87.22 and last traded at $86.98. 5,464,878 shares traded hands during trading, a decline of 43% from the average daily volume of 9,535,996 shares. The stock had previously closed at $85.61.

Vanguard Growth ETF Stock Up 1.6%

The stock’s 50-day moving average price is $85.02 and its 200 day moving average price is $80.86. The firm has a market cap of $36.95 billion, a price-to-earnings ratio of 36.22 and a beta of 1.22.

Hedge Funds Weigh In On Vanguard Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VUG. BlueStem Wealth Partners LLC boosted its stake in shares of Vanguard Growth ETF by 49.6% in the 3rd quarter. BlueStem Wealth Partners LLC now owns 250,968 shares of the company’s stock valued at $120,367,000 after purchasing an additional 83,229 shares in the last quarter. Enclave Advisors LLC increased its position in shares of Vanguard Growth ETF by 6.6% during the 4th quarter. Enclave Advisors LLC now owns 39,547 shares of the company’s stock worth $19,293,000 after purchasing an additional 2,462 shares in the last quarter. Everhart Financial Group Inc. increased its position in shares of Vanguard Growth ETF by 8.4% during the 4th quarter. Everhart Financial Group Inc. now owns 284,541 shares of the company’s stock worth $138,816,000 after purchasing an additional 21,967 shares in the last quarter. Gryphon Financial Partners LLC bought a new stake in Vanguard Growth ETF during the fourth quarter worth about $1,194,000. Finally, VSM Wealth Advisory LLC grew its stake in Vanguard Growth ETF by 17.6% during the third quarter. VSM Wealth Advisory LLC now owns 21,988 shares of the company’s stock worth $10,545,000 after buying an additional 3,298 shares during the last quarter.

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.