Wellspring Financial Advisors LLC Raises Position in Vanguard Growth ETF (NYSEARCA:VUG)

Wellspring Financial Advisors LLC lifted its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 0.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 944,912 shares of the company’s stock after purchasing an additional 275 shares during the period. Vanguard Growth ETF makes up approximately 6.6% of Wellspring Financial Advisors LLC’s portfolio, making the stock its 4th biggest position. Wellspring Financial Advisors LLC’s holdings in Vanguard Growth ETF were worth $387,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First City Capital Management Inc. increased its holdings in Vanguard Growth ETF by 30.3% during the 4th quarter. First City Capital Management Inc. now owns 1,186 shares of the company’s stock worth $487,000 after acquiring an additional 276 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Vanguard Growth ETF during the 4th quarter valued at $2,232,000. Empowered Funds LLC bought a new position in shares of Vanguard Growth ETF in the fourth quarter worth $236,000. Argentarii LLC purchased a new stake in shares of Vanguard Growth ETF in the fourth quarter worth $710,000. Finally, Paces Ferry Wealth Advisors LLC bought a new stake in Vanguard Growth ETF during the fourth quarter valued at $218,000.

Vanguard Growth ETF Stock Down 6.1 %

Shares of NYSEARCA VUG opened at $334.02 on Monday. The stock’s 50-day simple moving average is $398.35 and its two-hundred day simple moving average is $401.91. Vanguard Growth ETF has a twelve month low of $310.21 and a twelve month high of $429.11. The firm has a market capitalization of $331.03 billion, a P/E ratio of 33.17 and a beta of 1.19.

Vanguard Growth ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.50 dividend. This is a boost from Vanguard Growth ETF’s previous dividend of $0.46. The ex-dividend date was Thursday, March 27th.

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.