Summit Investment Advisory Services LLC Makes New Investment in Vanguard Growth ETF (NYSEARCA:VUG)

Summit Investment Advisory Services LLC acquired a new position in Vanguard Growth ETF (NYSEARCA:VUG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,154 shares of the company’s stock, valued at approximately $2,363,000. Vanguard Growth ETF comprises 1.3% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 14th biggest holding.

A number of other large investors also recently modified their holdings of the stock. NBC Securities Inc. lifted its position in shares of Vanguard Growth ETF by 22.3% during the first quarter. NBC Securities Inc. now owns 603 shares of the company’s stock valued at $217,000 after purchasing an additional 110 shares in the last quarter. First Hawaiian Bank purchased a new stake in Vanguard Growth ETF in the 1st quarter valued at about $204,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Vanguard Growth ETF by 158.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 485 shares of the company’s stock worth $167,000 after buying an additional 297 shares in the last quarter. Foster Group Inc. lifted its position in shares of Vanguard Growth ETF by 48.2% during the 1st quarter. Foster Group Inc. now owns 1,119 shares of the company’s stock worth $385,000 after buying an additional 364 shares in the last quarter. Finally, Fulton Bank N.A. lifted its position in shares of Vanguard Growth ETF by 0.8% during the 1st quarter. Fulton Bank N.A. now owns 4,854 shares of the company’s stock worth $1,671,000 after buying an additional 37 shares in the last quarter.

Vanguard Growth ETF Stock Performance

Shares of Vanguard Growth ETF stock traded up $1.66 during mid-day trading on Thursday, hitting $390.88. 239,005 shares of the stock were exchanged, compared to its average volume of 994,689. Vanguard Growth ETF has a 12 month low of $260.65 and a 12 month high of $393.71. The company has a 50-day simple moving average of $375.31 and a 200 day simple moving average of $363.28. The company has a market capitalization of $134.65 billion, a P/E ratio of 39.58 and a beta of 1.26.

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.