Vanguard Growth ETF $VUG is Cornerstone Wealth Advisors Inc.’s 4th Largest Position

Cornerstone Wealth Advisors Inc. raised its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,550 shares of the company’s stock after buying an additional 5,004 shares during the period. Vanguard Growth ETF comprises approximately 11.2% of Cornerstone Wealth Advisors Inc.’s portfolio, making the stock its 4th largest position. Cornerstone Wealth Advisors Inc.’s holdings in Vanguard Growth ETF were worth $43,204,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new stake in Vanguard Growth ETF during the first quarter valued at about $29,000. Allianz SE bought a new position in shares of Vanguard Growth ETF during the first quarter valued at about $29,000. Hager Investment Management Services LLC bought a new position in shares of Vanguard Growth ETF during the first quarter valued at about $31,000. Costello Asset Management INC bought a new position in shares of Vanguard Growth ETF during the first quarter valued at about $31,000. Finally, Legend Financial Advisors Inc. bought a new position in shares of Vanguard Growth ETF during the second quarter valued at about $31,000.

Vanguard Growth ETF Trading Up 0.3%

Shares of NYSEARCA:VUG opened at $478.05 on Tuesday. The company has a market cap of $191.30 billion, a price-to-earnings ratio of 36.22 and a beta of 1.11. The company has a 50-day moving average price of $462.53 and a 200-day moving average price of $421.70. Vanguard Growth ETF has a 12 month low of $316.14 and a 12 month high of $484.21.

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.