Formulate Financial LLC Buys 13,145 Shares of Vanguard Growth ETF $VUG

Formulate Financial LLC boosted its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 500.0% in the second quarter, HoldingsChannel reports. The firm owned 15,774 shares of the company’s stock after acquiring an additional 13,145 shares during the period. Vanguard Growth ETF makes up approximately 1.4% of Formulate Financial LLC’s holdings, making the stock its 13th largest holding. Formulate Financial LLC’s holdings in Vanguard Growth ETF were worth $1,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Turning Point Benefit Group Inc. purchased a new stake in Vanguard Growth ETF during the third quarter valued at $26,000. Strategic Wealth Advisors LLC bought a new stake in shares of Vanguard Growth ETF during the 4th quarter valued at about $35,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Vanguard Growth ETF during the 4th quarter valued at about $41,000. Lifetime Wealth Management P.C. bought a new position in shares of Vanguard Growth ETF in the 4th quarter worth approximately $44,000. Finally, Elyxium Wealth LLC bought a new position in shares of Vanguard Growth ETF in the 4th quarter worth approximately $47,000.

Vanguard Growth ETF Trading Down 0.5%

VUG opened at $88.45 on Friday. Vanguard Growth ETF has a 1-year low of $69.63 and a 1-year high of $90.60. The company has a market capitalization of $228.81 billion, a PE ratio of 36.22 and a beta of 1.22. The firm’s 50 day simple moving average is $86.88 and its two-hundred day simple moving average is $83.16.

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.