Meridian Wealth Management LLC Acquires 9,548 Shares of Vanguard Growth ETF $VUG

Meridian Wealth Management LLC grew its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 16.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,112 shares of the company’s stock after buying an additional 9,548 shares during the quarter. Vanguard Growth ETF accounts for approximately 1.3% of Meridian Wealth Management LLC’s holdings, making the stock its 14th biggest holding. Meridian Wealth Management LLC’s holdings in Vanguard Growth ETF were worth $32,775,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Vanguard Growth ETF by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 49,386,990 shares of the company’s stock worth $21,651,256,000 after buying an additional 851,110 shares during the period. Laurel Wealth Advisors LLC grew its position in Vanguard Growth ETF by 45,810.0% in the second quarter. Laurel Wealth Advisors LLC now owns 9,185,671 shares of the company’s stock valued at $4,026,998,000 after acquiring an additional 9,165,663 shares during the period. Envestnet Asset Management Inc. raised its stake in Vanguard Growth ETF by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 8,127,139 shares of the company’s stock worth $3,562,911,000 after acquiring an additional 79,107 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Vanguard Growth ETF by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 3,886,118 shares of the company’s stock valued at $1,705,829,000 after acquiring an additional 16,250 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in shares of Vanguard Growth ETF by 3.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 3,463,113 shares of the company’s stock valued at $1,518,229,000 after purchasing an additional 126,649 shares in the last quarter.

Vanguard Growth ETF Stock Performance

VUG opened at $481.55 on Friday. The firm’s 50-day simple moving average is $487.90 and its 200-day simple moving average is $477.20. Vanguard Growth ETF has a twelve month low of $316.14 and a twelve month high of $505.38. The firm has a market cap of $200.87 billion, a price-to-earnings ratio of 36.22 and a beta of 1.17.

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.