Vanguard Growth ETF (NYSEARCA:VUG) Sets New 12-Month Low – Here’s Why

Shares of Vanguard Growth ETF (NYSEARCA:VUG) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $316.14 and last traded at $330.77, with a volume of 2363580 shares changing hands. The stock had previously closed at $334.02.

Vanguard Growth ETF Trading Up 0.1 %

The business’s fifty day simple moving average is $396.78 and its 200 day simple moving average is $401.58. The stock has a market cap of $331.43 billion, a price-to-earnings 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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from Vanguard Growth ETF’s previous dividend of $0.46.

Hedge Funds Weigh In On Vanguard Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VUG. Jones Financial Companies Lllp increased its holdings in shares of Vanguard Growth ETF by 23.5% in the fourth quarter. Jones Financial Companies Lllp now owns 28,577,762 shares of the company’s stock worth $11,729,457,000 after acquiring an additional 5,429,720 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Vanguard Growth ETF by 34,615.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 5,487,441 shares of the company’s stock worth $2,252,265,000 after acquiring an additional 5,471,634 shares during the period. LPL Financial LLC raised its holdings in shares of Vanguard Growth ETF by 2.9% during the fourth quarter. LPL Financial LLC now owns 5,128,614 shares of the company’s stock worth $2,104,988,000 after acquiring an additional 142,346 shares during the period. Wells Fargo & Company MN boosted its stake in Vanguard Growth ETF by 15.3% in the 4th quarter. Wells Fargo & Company MN now owns 3,993,557 shares of the company’s stock worth $1,639,116,000 after purchasing an additional 529,565 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Vanguard Growth ETF by 0.7% during the 4th quarter. Ameriprise Financial Inc. now owns 3,539,318 shares of the company’s stock worth $1,453,526,000 after purchasing an additional 23,605 shares in 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.