Vanguard Growth ETF (NYSEARCA:VUG) Reaches New 12-Month High – Here’s What Happened

Vanguard Growth ETF (NYSEARCA:VUG)’s share price reached a new 52-week high on Monday . The company traded as high as $393.85 and last traded at $393.85, with a volume of 984475 shares. The stock had previously closed at $392.18.

Vanguard Growth ETF Stock Performance

The firm has a market capitalization of $133.66 billion, a PE ratio of 39.58 and a beta of 1.26. The company’s 50 day simple moving average is $378.61 and its 200-day simple moving average is $365.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Strategic Financial Concepts LLC boosted its stake in shares of Vanguard Growth ETF by 40,514.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 5,542,306 shares of the company’s stock valued at $2,072,878,000 after purchasing an additional 5,528,660 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Vanguard Growth ETF in the second quarter worth about $270,138,000. Axiom Advisory LLC lifted its stake in shares of Vanguard Growth ETF by 9.3% in the 3rd quarter. Axiom Advisory LLC now owns 7,251,690 shares of the company’s stock valued at $2,696,912,000 after acquiring an additional 614,652 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Vanguard Growth ETF by 114.2% during the 1st quarter. Cetera Investment Advisers now owns 1,036,238 shares of the company’s stock valued at $356,673,000 after acquiring an additional 552,439 shares during the period. Finally, Retirement Investment Advisors Inc. purchased a new stake in Vanguard Growth ETF during the 2nd quarter valued at about $181,622,000.

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.