Towerpoint Wealth LLC raised its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,637 shares of the company’s stock after purchasing an additional 805 shares during the quarter. Vanguard Growth ETF accounts for approximately 6.5% of Towerpoint Wealth LLC’s investment portfolio, making the stock its 3rd biggest position. Towerpoint Wealth LLC’s holdings in Vanguard Growth ETF were worth $9,584,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of VUG. Ibex Wealth Advisors acquired a new stake in shares of Vanguard Growth ETF during the 2nd quarter valued at $36,000. Larson Financial Group LLC boosted its holdings in shares of Vanguard Growth ETF by 151.8% during the 3rd quarter. Larson Financial Group LLC now owns 214 shares of the company’s stock valued at $36,000 after acquiring an additional 129 shares in the last quarter. Horan Capital Advisors LLC. acquired a new stake in shares of Vanguard Growth ETF during the 3rd quarter valued at $38,000. Family Management Corp acquired a new position in Vanguard Growth ETF during the 2nd quarter worth about $47,000. Finally, Putnam FL Investment Management Co. acquired a new position in Vanguard Growth ETF during the 2nd quarter worth about $49,000.
VUG traded up $0.35 during midday trading on Friday, hitting $172.33. 461,662 shares of the company were exchanged, compared to its average volume of 739,190. Vanguard Growth ETF has a 1-year low of $124.85 and a 1-year high of $173.00. The firm’s 50 day moving average price is $167.92 and its 200-day moving average price is $164.64.
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.
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