Vanguard Growth ETF (NYSEARCA:VUG) Hits New 1-Year High – Time to Buy?

Vanguard Growth ETF (NYSEARCA:VUG) shares reached a new 52-week high on Friday. The stock traded as high as $91.47 and last traded at $91.5080, with a volume of 446905 shares traded. The stock had previously closed at $90.23.

Vanguard Growth ETF Trading Up 1.4%

The company has a market capitalization of $235.32 billion, a price-to-earnings ratio of 36.22 and a beta of 1.22. The company has a fifty day moving average of $88.04 and a 200-day moving average of $84.83.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VUG. Bonfire Financial lifted its stake in shares of Vanguard Growth ETF by 494.4% during the second quarter. Bonfire Financial now owns 102,807 shares of the company’s stock valued at $8,856,000 after buying an additional 85,512 shares during the period. Canandaigua National Bank & Trust Co. acquired a new position in Vanguard Growth ETF in the 2nd quarter valued at $1,635,000. Abound Wealth Management raised its holdings in Vanguard Growth ETF by 602.7% in the 2nd quarter. Abound Wealth Management now owns 10,456 shares of the company’s stock valued at $901,000 after acquiring an additional 8,968 shares during the last quarter. Community Bank N.A. raised its holdings in Vanguard Growth ETF by 493.8% in the 2nd quarter. Community Bank N.A. now owns 7,868 shares of the company’s stock valued at $678,000 after acquiring an additional 6,543 shares during the last quarter. Finally, Calder Financial LLC lifted its stake in shares of Vanguard Growth ETF by 502.0% during the 2nd quarter. Calder Financial LLC now owns 55,893 shares of the company’s stock worth $4,815,000 after purchasing an additional 46,609 shares during the period.

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.