NewEdge Wealth LLC Has $20.42 Million Stock Position in Vanguard Growth ETF $VUG

NewEdge Wealth LLC boosted its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 19.6% in the first quarter, HoldingsChannel reports. The firm owned 46,759 shares of the company’s stock after purchasing an additional 7,669 shares during the period. NewEdge Wealth LLC’s holdings in Vanguard Growth ETF were worth $20,424,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Enclave Advisors LLC increased its holdings in shares of Vanguard Growth ETF by 6.6% during the fourth quarter. Enclave Advisors LLC now owns 39,547 shares of the company’s stock valued at $19,293,000 after acquiring an additional 2,462 shares in the last quarter. Cypress Financial Planning LLC raised its position in shares of Vanguard Growth ETF by 50.3% during the fourth quarter. Cypress Financial Planning LLC now owns 3,717 shares of the company’s stock worth $1,823,000 after purchasing an additional 1,244 shares during the period. McClarren Financial Advisors Inc. bought a new position in shares of Vanguard Growth ETF in the 4th quarter worth $647,000. Daymark Wealth Partners LLC lifted its holdings in shares of Vanguard Growth ETF by 38.9% in the 4th quarter. Daymark Wealth Partners LLC now owns 10,048 shares of the company’s stock worth $4,902,000 after purchasing an additional 2,814 shares in the last quarter. Finally, Dominguez Wealth Management Solutions Inc. grew its position in Vanguard Growth ETF by 3.2% in the 4th quarter. Dominguez Wealth Management Solutions Inc. now owns 53,989 shares of the company’s stock valued at $26,339,000 after purchasing an additional 1,670 shares during the period.

Vanguard Growth ETF Price Performance

Shares of NYSEARCA VUG opened at $85.68 on Thursday. The company has a 50-day moving average price of $86.58 and a 200-day moving average price of $81.55. The stock has a market capitalization of $221.64 billion, a P/E ratio of 36.22 and a beta of 1.22. Vanguard Growth ETF has a 1 year low of $69.63 and a 1 year high of $90.60.

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.