Vanguard Growth ETF (NYSEARCA:VUG) Sets New 1-Year High – Here’s Why

Vanguard Growth ETF (NYSEARCA:VUG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $87.26 and last traded at $87.20, with a volume of 2257168 shares trading hands. The stock had previously closed at $86.56.

Vanguard Growth ETF Stock Performance

The stock has a market cap of $37.24 billion, a price-to-earnings ratio of 36.22 and a beta of 1.22. The business has a 50-day simple moving average of $78.66 and a two-hundred day simple moving average of $79.81.

Institutional Investors Weigh In On Vanguard Growth ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VUG. Valpey Financial Services LLC increased its position in shares of Vanguard Growth ETF by 46,787.8% in the fourth quarter. Valpey Financial Services LLC now owns 8,168,795 shares of the company’s stock valued at $3,985,228,000 after acquiring an additional 8,151,373 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Vanguard Growth ETF during the 4th quarter worth approximately $1,690,059,000. Vantagepoint Investment Advisers LLC increased its position in shares of Vanguard Growth ETF by 12,542.9% during the 3rd quarter. Vantagepoint Investment Advisers LLC now owns 1,074,650 shares of the company’s stock worth $515,413,000 after purchasing an additional 1,066,150 shares during the last quarter. Align Financial LLC bought a new stake in shares of Vanguard Growth ETF during the 4th quarter worth approximately $428,175,000. Finally, Bank of America Corp DE raised its stake in shares of Vanguard Growth ETF by 1.7% during the 4th quarter. Bank of America Corp DE now owns 47,877,294 shares of the company’s stock worth $23,357,417,000 after purchasing an additional 789,696 shares in the last quarter.

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. The Index represents the growth companies of the MSCI US Prime Market 750 Index. The MSCI US Prime Market 750 Index represents the universe of large-capitalization companies in the United States equity market.