Northwestern Mutual Wealth Management Co. Boosts Holdings in Vanguard Growth ETF $VUG

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 513.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,888,180 shares of the company’s stock after purchasing an additional 9,112,231 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Vanguard Growth ETF were worth $937,908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Clark Wealth Partners raised its holdings in Vanguard Growth ETF by 500.0% during the second quarter. Clark Wealth Partners now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 255 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in Vanguard Growth ETF in the third quarter valued at $26,000. Kentucky Trust Co grew its holdings in Vanguard Growth ETF by 500.0% in the second quarter. Kentucky Trust Co now owns 336 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the last quarter. Byrne Asset Management LLC increased its position in shares of Vanguard Growth ETF by 500.0% in the second quarter. Byrne Asset Management LLC now owns 372 shares of the company’s stock valued at $32,000 after buying an additional 310 shares in the last quarter. Finally, Strategic Wealth Advisors LLC acquired a new position in shares of Vanguard Growth ETF during the 4th quarter worth $35,000.

Vanguard Growth ETF Price Performance

VUG stock opened at $88.24 on Tuesday. The company’s 50 day simple moving average is $86.51 and its 200-day simple moving average is $82.89. The firm has a market capitalization of $228.26 billion, a PE ratio of 36.22 and a beta of 1.22. Vanguard Growth ETF has a 12 month low of $69.63 and a 12 month high of $90.60.

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. 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.