Spinnaker Trust Increases Stake in Vanguard Growth ETF $VUG

Spinnaker Trust boosted its position in Vanguard Growth ETF (NYSEARCA:VUG) by 500.0% during the second quarter, HoldingsChannel reports. The fund owned 11,142 shares of the company’s stock after buying an additional 9,285 shares during the quarter. Spinnaker Trust’s holdings in Vanguard Growth ETF were worth $960,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VUG. Bonfire Financial grew its stake in Vanguard Growth ETF by 494.4% in the 2nd quarter. Bonfire Financial now owns 102,807 shares of the company’s stock valued at $8,856,000 after buying an additional 85,512 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new stake in shares of Vanguard Growth ETF during the second quarter worth $1,635,000. Abound Wealth Management lifted its position in shares of Vanguard Growth ETF by 602.7% during the second quarter. Abound Wealth Management now owns 10,456 shares of the company’s stock worth $901,000 after acquiring an additional 8,968 shares in the last quarter. Calder Financial LLC boosted its holdings in shares of Vanguard Growth ETF by 502.0% in the second quarter. Calder Financial LLC now owns 55,893 shares of the company’s stock worth $4,815,000 after acquiring an additional 46,609 shares during the period. Finally, BOK Financial Private Wealth Inc. boosted its holdings in shares of Vanguard Growth ETF by 500.1% in the second quarter. BOK Financial Private Wealth Inc. now owns 2,136,784 shares of the company’s stock worth $184,063,000 after acquiring an additional 1,780,703 shares during the period.

Vanguard Growth ETF Stock Down 0.4%

Shares of NYSEARCA VUG opened at $88.54 on Friday. The company has a market cap of $229.04 billion, a P/E ratio of 36.22 and a beta of 1.22. Vanguard Growth ETF has a 52 week low of $69.63 and a 52 week high of $90.60. The business has a 50-day simple moving average of $86.47 and a two-hundred day simple moving average of $82.79.

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.