Richardson Financial Services Inc. Makes New Investment in Vanguard Growth ETF (NYSEARCA:VUG)

Richardson Financial Services Inc. bought a new position in shares of Vanguard Growth ETF (NYSEARCA:VUG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,496 shares of the company’s stock, valued at approximately $2,952,000. Vanguard Growth ETF comprises approximately 2.6% of Richardson Financial Services Inc.’s investment portfolio, making the stock its 5th biggest position.

A number of other hedge funds have also added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its position in Vanguard Growth ETF by 7.3% during the 4th quarter. Jones Financial Companies Lllp now owns 19,238,821 shares of the company’s stock worth $5,980,965,000 after buying an additional 1,301,935 shares during the period. Morgan Stanley increased its stake in shares of Vanguard Growth ETF by 2.9% in the third quarter. Morgan Stanley now owns 12,252,916 shares of the company’s stock valued at $3,336,592,000 after buying an additional 350,950 shares during the period. UBS Group AG raised its stake in Vanguard Growth ETF by 3.7% during the fourth quarter. UBS Group AG now owns 5,520,461 shares of the company’s stock worth $1,716,201,000 after buying an additional 196,363 shares during the last quarter. LPL Financial LLC lifted its stake in Vanguard Growth ETF by 3.5% in the third quarter. LPL Financial LLC now owns 4,482,941 shares of the company’s stock valued at $1,220,750,000 after buying an additional 150,564 shares during the period. Finally, TIAA Trust National Association boosted its position in shares of Vanguard Growth ETF by 1.3% during the 4th quarter. TIAA Trust National Association now owns 3,417,277 shares of the company’s stock worth $1,062,363,000 after purchasing an additional 44,928 shares in the last quarter.

Vanguard Growth ETF Price Performance

Shares of VUG stock traded up $1.28 during trading hours on Friday, reaching $372.50. The company had a trading volume of 1,080,933 shares, compared to its average volume of 1,002,983. Vanguard Growth ETF has a 12 month low of $260.65 and a 12 month high of $373.57. The business has a fifty day simple moving average of $346.34 and a 200-day simple moving average of $332.03. The company has a market cap of $128.32 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26.

Vanguard Growth ETF 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.