Rolek Wealth Management LLC Invests $45.86 Million in Vanguard Growth ETF (NYSEARCA:VUG)

Rolek Wealth Management LLC bought a new position in shares of Vanguard Growth ETF (NYSEARCA:VUG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 111,723 shares of the company’s stock, valued at approximately $45,856,000. Vanguard Growth ETF accounts for approximately 35.9% of Rolek Wealth Management LLC’s portfolio, making the stock its biggest holding.

Other institutional investors have also modified their holdings of the company. Jennison Associates LLC boosted its stake in shares of Vanguard Growth ETF by 219.4% during the third quarter. Jennison Associates LLC now owns 2,590 shares of the company’s stock valued at $994,000 after purchasing an additional 1,779 shares in the last quarter. First City Capital Management Inc. boosted its stake in shares of Vanguard Growth ETF by 30.3% during the fourth quarter. First City Capital Management Inc. now owns 1,186 shares of the company’s stock valued at $487,000 after purchasing an additional 276 shares in the last quarter. Creative Planning boosted its stake in shares of Vanguard Growth ETF by 1.4% during the third quarter. Creative Planning now owns 271,283 shares of the company’s stock valued at $104,154,000 after purchasing an additional 3,749 shares in the last quarter. Worth Asset Management LLC boosted its stake in shares of Vanguard Growth ETF by 831.2% during the fourth quarter. Worth Asset Management LLC now owns 25,086 shares of the company’s stock valued at $10,296,000 after purchasing an additional 22,392 shares in the last quarter. Finally, Creekside Partners bought a new position in shares of Vanguard Growth ETF during the second quarter valued at approximately $365,000.

Vanguard Growth ETF Stock Performance

NYSEARCA VUG opened at $424.50 on Thursday. The firm’s 50 day moving average price is $413.98 and its 200-day moving average price is $390.60. Vanguard Growth ETF has a 52-week low of $317.59 and a 52-week high of $428.69. The company has a market cap of $146.24 billion, a PE ratio of 39.58 and a beta of 1.26.

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.