Kaydan Wealth Management Inc. Has $2.41 Million Holdings in Vanguard Growth ETF (NYSEARCA:VUG)

Kaydan Wealth Management Inc. raised its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 5.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,491 shares of the company’s stock after acquiring an additional 322 shares during the quarter. Vanguard Growth ETF comprises approximately 0.8% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Kaydan Wealth Management Inc.’s holdings in Vanguard Growth ETF were worth $2,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in Vanguard Growth ETF in the 4th quarter valued at about $2,232,000. Empowered Funds LLC acquired a new stake in Vanguard Growth ETF in the 4th quarter valued at about $236,000. Argentarii LLC acquired a new stake in shares of Vanguard Growth ETF during the 4th quarter worth approximately $710,000. Paces Ferry Wealth Advisors LLC acquired a new stake in shares of Vanguard Growth ETF during the 4th quarter worth approximately $218,000. Finally, Millennium Management LLC acquired a new stake in shares of Vanguard Growth ETF during the 4th quarter worth approximately $292,000.

Vanguard Growth ETF Price Performance

Shares of NYSEARCA:VUG opened at $423.63 on Tuesday. Vanguard Growth ETF has a one year low of $316.14 and a one year high of $429.11. The company has a 50 day moving average of $393.24 and a 200-day moving average of $400.60. The stock has a market cap of $419.84 billion, a price-to-earnings ratio of 36.72 and a beta of 1.18.

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.