Vanguard Growth ETF (NYSEARCA:VUG) Shares Bought by Modern Wealth Management LLC

Modern Wealth Management LLC lifted its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 47.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,590 shares of the company’s stock after acquiring an additional 831 shares during the quarter. Modern Wealth Management LLC’s holdings in Vanguard Growth ETF were worth $1,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. First City Capital Management Inc. increased its position in Vanguard Growth ETF by 30.3% during the 4th quarter. First City Capital Management Inc. now owns 1,186 shares of the company’s stock worth $487,000 after purchasing an additional 276 shares during the period. Principal Financial Group Inc. acquired a new position in Vanguard Growth ETF during the fourth quarter worth $2,232,000. Empowered Funds LLC purchased a new position in Vanguard Growth ETF in the fourth quarter worth $236,000. Argentarii LLC acquired a new stake in Vanguard Growth ETF in the fourth quarter valued at $710,000. Finally, O Dell Group LLC boosted its position in shares of Vanguard Growth ETF by 12.5% during the 4th quarter. O Dell Group LLC now owns 2,245 shares of the company’s stock worth $922,000 after purchasing an additional 249 shares in the last quarter.

Vanguard Growth ETF Stock Down 2.2 %

Shares of VUG opened at $383.03 on Thursday. Vanguard Growth ETF has a 52-week low of $321.29 and a 52-week high of $429.11. The company has a 50-day simple moving average of $405.79 and a 200-day simple moving average of $401.92. The company has a market capitalization of $379.60 billion, a PE ratio of 35.10 and a beta of 1.14.

Vanguard Growth ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost from Vanguard Growth ETF’s previous dividend of $0.46.

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.