Wealth Effects LLC Increases Position in Vanguard Growth ETF (NYSEARCA:VUG)

Wealth Effects LLC grew its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,997 shares of the company’s stock after acquiring an additional 39 shares during the quarter. Vanguard Growth ETF comprises about 0.9% of Wealth Effects LLC’s portfolio, making the stock its 20th biggest position. Wealth Effects LLC’s holdings in Vanguard Growth ETF were worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accredited Wealth Management LLC acquired a new stake in Vanguard Growth ETF during the 4th quarter worth about $26,000. Prudent Man Investment Management Inc. acquired a new stake in Vanguard Growth ETF during the 4th quarter worth about $30,000. Providence First Trust Co acquired a new stake in Vanguard Growth ETF during the 4th quarter worth about $33,000. Putney Financial Group LLC acquired a new position in shares of Vanguard Growth ETF in the 4th quarter valued at about $37,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Vanguard Growth ETF in the 4th quarter valued at about $39,000.

Vanguard Growth ETF Stock Up 0.4%

Shares of VUG stock opened at $430.27 on Thursday. The stock has a market cap of $426.42 billion, a PE ratio of 36.22 and a beta of 1.18. The business has a 50-day simple moving average of $401.89 and a 200-day simple moving average of $401.04. Vanguard Growth ETF has a 52-week low of $316.14 and a 52-week high of $431.60.

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.