Vanguard Growth ETF (NYSEARCA:VUG) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Vanguard Growth ETF (NYSEARCA:VUG) saw unusually-strong trading volume on Tuesday . Approximately 7,526,770 shares traded hands during trading, an increase of 327% from the previous session’s volume of 1,763,831 shares.The stock last traded at $489.4530 and had previously closed at $492.53.

Vanguard Growth ETF Price Performance

The stock has a market capitalization of $204.91 billion, a P/E ratio of 36.22 and a beta of 1.17. The firm’s 50 day moving average price is $487.80 and its 200 day moving average price is $473.11.

Hedge Funds Weigh In On Vanguard Growth ETF

Hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors LLC raised its stake in shares of Vanguard Growth ETF by 45,810.0% in the second quarter. Laurel Wealth Advisors LLC now owns 9,185,671 shares of the company’s stock worth $4,026,998,000 after purchasing an additional 9,165,663 shares during the last quarter. Vantagepoint Investment Advisers LLC lifted its stake in Vanguard Growth ETF by 12,542.9% during the 3rd quarter. Vantagepoint Investment Advisers LLC now owns 1,074,650 shares of the company’s stock valued at $515,413,000 after acquiring an additional 1,066,150 shares during the period. Bank of America Corp DE boosted its holdings in shares of Vanguard Growth ETF by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 49,386,990 shares of the company’s stock valued at $21,651,256,000 after acquiring an additional 851,110 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Vanguard Growth ETF by 189.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 334,163 shares of the company’s stock worth $159,375,000 after acquiring an additional 706,311 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of Vanguard Growth ETF by 97.7% during the second quarter. Corient Private Wealth LLC now owns 1,228,937 shares of the company’s stock valued at $538,790,000 after purchasing an additional 607,436 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.