Financial Management Professionals Inc. Invests $502,000 in Vanguard Growth ETF $VUG

Financial Management Professionals Inc. bought a new stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,822 shares of the company’s stock, valued at approximately $502,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of Vanguard Growth ETF by 5.4% in the fourth quarter. Brighton Jones LLC now owns 16,922 shares of the company’s stock worth $6,945,000 after acquiring an additional 870 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Vanguard Growth ETF in the 2nd quarter valued at approximately $1,859,000. Gamco Investors INC. ET AL purchased a new stake in shares of Vanguard Growth ETF in the 2nd quarter valued at approximately $320,000. Alliancebernstein L.P. boosted its stake in Vanguard Growth ETF by 142.2% in the 2nd quarter. Alliancebernstein L.P. now owns 722,843 shares of the company’s stock worth $316,894,000 after purchasing an additional 424,342 shares during the period. Finally, Diversify Advisory Services LLC grew its position in Vanguard Growth ETF by 3.3% during the 2nd quarter. Diversify Advisory Services LLC now owns 4,922 shares of the company’s stock worth $2,279,000 after purchasing an additional 158 shares in the last quarter.

Vanguard Growth ETF Stock Down 0.2%

VUG opened at $89.18 on Tuesday. The stock has a fifty day moving average of $86.04 and a 200-day moving average of $81.99. The firm has a market capitalization of $230.69 billion, a P/E ratio of 36.22 and a beta of 1.22. Vanguard Growth ETF has a 12-month low of $69.63 and a 12-month high of $90.60.

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. 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.