Summit Wealth Partners LLC Increases Stake in Vanguard Growth ETF (NYSEARCA:VUG)

Summit Wealth Partners LLC lifted its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 89.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,294 shares of the company’s stock after buying an additional 2,024 shares during the quarter. Summit Wealth Partners LLC’s holdings in Vanguard Growth ETF were worth $1,606,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VUG. Newbridge Financial Services Group Inc. lifted its stake in Vanguard Growth ETF by 83.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 7,074 shares of the company’s stock worth $2,646,000 after purchasing an additional 3,214 shares in the last quarter. Cannon Financial Strategists Inc. purchased a new stake in shares of Vanguard Growth ETF in the second quarter worth about $24,456,000. Sanctuary Advisors LLC purchased a new stake in shares of Vanguard Growth ETF in the second quarter worth about $270,138,000. Creekside Partners bought a new position in Vanguard Growth ETF during the second quarter valued at approximately $365,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Vanguard Growth ETF during the 2nd quarter valued at approximately $41,175,000.

Vanguard Growth ETF Stock Performance

NYSEARCA VUG opened at $378.79 on Wednesday. The stock has a 50 day moving average price of $368.82 and a 200-day moving average price of $360.25. Vanguard Growth ETF has a one year low of $260.65 and a one year high of $392.14. The company has a market capitalization of $130.49 billion, a P/E ratio of 39.58 and a beta of 1.26.

Vanguard Growth ETF Company 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.