Brown Wealth Management LLC Has $30.76 Million Holdings in Vanguard Growth ETF $VUG

Brown Wealth Management LLC lifted its stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,173 shares of the company’s stock after purchasing an additional 3,583 shares during the quarter. Vanguard Growth ETF accounts for about 9.6% of Brown Wealth Management LLC’s portfolio, making the stock its 2nd largest position. Brown Wealth Management LLC’s holdings in Vanguard Growth ETF were worth $30,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Allianz SE acquired a new position in shares of Vanguard Growth ETF during the first quarter worth $29,000. Costello Asset Management INC bought a new stake in Vanguard Growth ETF during the 1st quarter worth $31,000. Legend Financial Advisors Inc. acquired a new position in Vanguard Growth ETF in the 2nd quarter worth about $31,000. Biltmore Family Office LLC bought a new position in Vanguard Growth ETF in the second quarter valued at about $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Vanguard Growth ETF during the second quarter valued at about $32,000.

Vanguard Growth ETF Trading Down 1.3%

NYSEARCA:VUG opened at $473.27 on Wednesday. The stock’s 50-day moving average is $483.44 and its 200-day moving average is $452.59. Vanguard Growth ETF has a 1-year low of $316.14 and a 1-year high of $505.38. The stock has a market cap of $192.11 billion, a P/E ratio of 36.22 and a beta of 1.17.

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.