Vanguard Growth ETF (NYSEARCA:VUG) Reaches New 12-Month High – Should You Buy?

Vanguard Growth ETF (NYSEARCA:VUG) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $397.40 and last traded at $397.40, with a volume of 17928 shares trading hands. The stock had previously closed at $390.21.

Vanguard Growth ETF Trading Up 2.5 %

The company has a 50 day moving average of $381.16 and a 200 day moving average of $368.60. The firm has a market cap of $137.74 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26.

Institutional Investors Weigh In On Vanguard Growth ETF

A number of hedge funds have recently modified their holdings of the business. Axiom Advisory LLC increased its position in shares of Vanguard Growth ETF by 9.3% during the third quarter. Axiom Advisory LLC now owns 7,251,690 shares of the company’s stock worth $2,696,912,000 after acquiring an additional 614,652 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in Vanguard Growth ETF by 40,514.9% during the 2nd quarter. Strategic Financial Concepts LLC now owns 5,542,306 shares of the company’s stock worth $2,072,878,000 after purchasing an additional 5,528,660 shares in the last quarter. LPL Financial LLC raised its stake in shares of Vanguard Growth ETF by 4.5% in the 2nd quarter. LPL Financial LLC now owns 4,940,097 shares of the company’s stock valued at $1,847,646,000 after purchasing an additional 211,575 shares during the period. TIAA Trust National Association lifted its holdings in shares of Vanguard Growth ETF by 1.2% in the second quarter. TIAA Trust National Association now owns 3,580,217 shares of the company’s stock valued at $1,339,041,000 after purchasing an additional 40,907 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of Vanguard Growth ETF by 2.4% during the second quarter. EP Wealth Advisors LLC now owns 2,982,222 shares of the company’s stock worth $1,115,381,000 after buying an additional 70,828 shares during the period.

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.