Vanguard Growth ETF (NYSEARCA:VUG) Hits New 52-Week High – Still a Buy?

Vanguard Growth ETF (NYSEARCA:VUG)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $429.37 and last traded at $428.55, with a volume of 2426 shares changing hands. The stock had previously closed at $427.52.

Vanguard Growth ETF Stock Performance

The firm’s 50-day simple moving average is $418.73 and its 200-day simple moving average is $396.89. The company has a market capitalization of $147.27 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26.

Hedge Funds Weigh In On Vanguard Growth ETF

Several institutional investors have recently added to or reduced their stakes in the company. Trust Point Inc. bought a new position in shares of Vanguard Growth ETF in the third quarter worth about $200,000. OLD National Bancorp IN grew its position in shares of Vanguard Growth ETF by 3.2% during the 3rd quarter. OLD National Bancorp IN now owns 2,991 shares of the company’s stock worth $1,148,000 after buying an additional 92 shares during the period. Narus Financial Partners LLC grew its position in shares of Vanguard Growth ETF by 17.6% during the 3rd quarter. Narus Financial Partners LLC now owns 1,272 shares of the company’s stock worth $488,000 after buying an additional 190 shares during the period. Brown Lisle Cummings Inc. grew its position in shares of Vanguard Growth ETF by 238.5% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 589 shares of the company’s stock worth $226,000 after buying an additional 415 shares during the period. Finally, Trilogy Capital Inc. grew its position in shares of Vanguard Growth ETF by 6.4% during the 3rd quarter. Trilogy Capital Inc. now owns 3,914 shares of the company’s stock worth $1,503,000 after buying an additional 235 shares during the period.

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.