IPG Investment Advisors LLC Makes New $2.46 Million Investment in Vanguard Growth ETF (NYSEARCA:VUG)

IPG Investment Advisors LLC purchased a new stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) during the 4th quarter, HoldingsChannel reports. The fund purchased 5,993 shares of the company’s stock, valued at approximately $2,460,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of VUG. Decker Retirement Planning Inc. acquired a new position in Vanguard Growth ETF during the fourth quarter worth about $28,000. Human Investing LLC bought a new position in shares of Vanguard Growth ETF during the 4th quarter valued at about $28,000. Cardinal Strategic Wealth Guidance acquired a new position in shares of Vanguard Growth ETF in the 4th quarter worth approximately $33,000. Providence First Trust Co bought a new stake in shares of Vanguard Growth ETF in the 4th quarter worth approximately $33,000. Finally, Global Trust Asset Management LLC lifted its stake in Vanguard Growth ETF by 1,071.4% during the fourth quarter. Global Trust Asset Management LLC now owns 82 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the last quarter.

Vanguard Growth ETF Stock Performance

Shares of NYSEARCA:VUG opened at $370.43 on Friday. The stock has a market capitalization of $367.11 billion, a price-to-earnings ratio of 35.10 and a beta of 1.14. Vanguard Growth ETF has a 1-year low of $321.29 and a 1-year high of $429.11. The company has a 50 day moving average price of $404.29 and a 200 day moving average price of $402.11.

Vanguard Growth ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, March 27th. This is a positive change from Vanguard Growth ETF’s previous dividend of $0.46.

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.