Vanguard Growth ETF (NYSEARCA:VUG) Reaches New 12-Month High – What’s Next?

Vanguard Growth ETF (NYSEARCA:VUG)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $90.73 and last traded at $90.6780, with a volume of 3052343 shares trading hands. The stock had previously closed at $88.75.

Vanguard Growth ETF Stock Up 2.2%

The firm’s 50-day simple moving average is $87.23 and its 200 day simple moving average is $83.96. The stock has a market capitalization of $234.63 billion, a P/E ratio of 36.22 and a beta of 1.22.

Institutional Investors Weigh In On Vanguard Growth ETF

Hedge funds have recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new position in Vanguard Growth ETF in the 4th quarter worth approximately $41,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Vanguard Growth ETF in the fourth quarter valued at $44,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Vanguard Growth ETF during the fourth quarter valued at $48,000. AG Campbell Advisory LLC purchased a new position in Vanguard Growth ETF during the 4th quarter valued at about $54,000. Finally, CNB Bank purchased a new position in Vanguard Growth ETF during the fourth quarter valued at approximately $58,000.

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. 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.