M Wealth Management LLC Invests $596,000 in Vanguard Growth ETF (NYSEARCA:VUG)

M Wealth Management LLC purchased a new stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,451 shares of the company’s stock, valued at approximately $596,000. Vanguard Growth ETF comprises approximately 0.5% of M Wealth Management LLC’s holdings, making the stock its 24th biggest position.

Other hedge funds have also recently modified their holdings of the company. Axiom Advisory LLC grew its position in Vanguard Growth ETF by 9.3% during the third quarter. Axiom Advisory LLC now owns 7,251,690 shares of the company’s stock valued at $2,696,912,000 after buying an additional 614,652 shares during the period. LPL Financial LLC boosted its stake in shares of Vanguard Growth ETF by 0.9% during the 3rd quarter. LPL Financial LLC now owns 4,986,268 shares of the company’s stock worth $1,914,378,000 after acquiring an additional 46,171 shares during the last quarter. EP Wealth Advisors LLC grew its position in shares of Vanguard Growth ETF by 6.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 3,176,728 shares of the company’s stock valued at $1,219,641,000 after acquiring an additional 194,506 shares during the period. Mill Creek Capital Advisors LLC raised its holdings in Vanguard Growth ETF by 0.8% in the 3rd quarter. Mill Creek Capital Advisors LLC now owns 2,685,044 shares of the company’s stock worth $1,030,869,000 after purchasing an additional 21,547 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in Vanguard Growth ETF by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 1,847,310 shares of the company’s stock valued at $709,238,000 after purchasing an additional 14,020 shares in the last quarter.

Vanguard Growth ETF Stock Up 0.2 %

Shares of VUG opened at $420.41 on Thursday. The business has a 50-day simple moving average of $415.86 and a two-hundred day simple moving average of $391.82. Vanguard Growth ETF has a 52 week low of $317.59 and a 52 week high of $428.69. The stock has a market cap of $144.83 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26.

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.