Pinnacle Associates Ltd. Has $3.22 Million Stock Position in Vanguard Growth ETF $VUG

Pinnacle Associates Ltd. boosted its stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 16.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,343 shares of the company’s stock after buying an additional 1,020 shares during the period. Pinnacle Associates Ltd.’s holdings in Vanguard Growth ETF were worth $3,219,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in Vanguard Growth ETF during the 2nd quarter worth approximately $31,000. Biltmore Family Office LLC bought a new position in shares of Vanguard Growth ETF during the 2nd quarter worth approximately $31,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Vanguard Growth ETF during the 2nd quarter worth approximately $32,000. Allianz SE bought a new position in shares of Vanguard Growth ETF during the 1st quarter worth approximately $29,000. Finally, Costello Asset Management INC bought a new position in shares of Vanguard Growth ETF during the 1st quarter worth approximately $31,000.

Vanguard Growth ETF Stock Up 0.5%

Shares of VUG opened at $498.85 on Friday. The stock has a market capitalization of $202.49 billion, a P/E ratio of 36.22 and a beta of 1.17. Vanguard Growth ETF has a twelve month low of $316.14 and a twelve month high of $505.38. The company has a 50 day moving average of $476.87 and a 200-day moving average of $441.74.

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.