RMG Wealth Management LLC Acquires 62,338 Shares of Vanguard Growth ETF $VUG

RMG Wealth Management LLC boosted its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 8,334.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,086 shares of the company’s stock after buying an additional 62,338 shares during the period. Vanguard Growth ETF makes up about 3.3% of RMG Wealth Management LLC’s investment portfolio, making the stock its 10th largest position. RMG Wealth Management LLC’s holdings in Vanguard Growth ETF were worth $27,555,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VUG. Turning Point Benefit Group Inc. acquired a new stake in shares of Vanguard Growth ETF during the 3rd quarter valued at about $26,000. DecisionPoint Financial LLC raised its position in Vanguard Growth ETF by 116.0% in the fourth quarter. DecisionPoint Financial LLC now owns 54 shares of the company’s stock worth $26,000 after purchasing an additional 29 shares in the last quarter. Byrne Asset Management LLC lifted its stake in Vanguard Growth ETF by 520.0% during the fourth quarter. Byrne Asset Management LLC now owns 62 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the period. Team Financial Group LLC lifted its stake in Vanguard Growth ETF by 366.7% during the fourth quarter. Team Financial Group LLC now owns 70 shares of the company’s stock worth $34,000 after purchasing an additional 55 shares during the period. Finally, Strategic Wealth Advisors LLC acquired a new stake in Vanguard Growth ETF during the fourth quarter valued at approximately $35,000.

Vanguard Growth ETF Trading Down 2.2%

NYSEARCA VUG opened at $83.78 on Friday. Vanguard Growth ETF has a 1-year low of $69.63 and a 1-year high of $90.60. The company has a market capitalization of $216.72 billion, a price-to-earnings ratio of 36.22 and a beta of 1.22. The stock’s 50 day moving average is $86.49 and its two-hundred day moving average is $81.57.

Vanguard Growth ETF Company 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.