Summit Financial LLC Has $89.41 Million Stock Position in Vanguard Growth ETF (NYSEARCA:VUG)

Summit Financial LLC lifted its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 34.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 238,781 shares of the company’s stock after acquiring an additional 60,696 shares during the quarter. Vanguard Growth ETF accounts for about 4.1% of Summit Financial LLC’s holdings, making the stock its 3rd biggest holding. Summit Financial LLC’s holdings in Vanguard Growth ETF were worth $89,412,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VUG. Keener Financial Planning LLC purchased a new position in Vanguard Growth ETF during the 1st quarter valued at $29,000. NBT Bank N A NY purchased a new position in Vanguard Growth ETF during the 1st quarter valued at $30,000. New Millennium Group LLC purchased a new position in Vanguard Growth ETF during the 2nd quarter valued at $31,000. Livelsberger Financial Advisory purchased a new position in Vanguard Growth ETF during the 4th quarter valued at $33,000. Finally, CarsonAllaria Wealth Management Ltd. purchased a new position in Vanguard Growth ETF during the 2nd quarter valued at $34,000.

Vanguard Growth ETF Price Performance

Vanguard Growth ETF stock traded up $3.69 during mid-day trading on Friday, reaching $375.55. 955,348 shares of the company traded hands, compared to its average volume of 1,013,462. The firm’s 50 day moving average price is $371.56 and its 200 day moving average price is $354.53. The firm has a market capitalization of $129.37 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26. Vanguard Growth ETF has a 52-week low of $260.65 and a 52-week high of $392.14.

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.