Vanguard Growth ETF $VUG is Summit Financial Wealth Advisors LLC’s 2nd Largest Position

Summit Financial Wealth Advisors LLC grew its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 12.2% during the second quarter, Holdings Channel reports. The firm owned 112,259 shares of the company’s stock after purchasing an additional 12,170 shares during the quarter. Vanguard Growth ETF comprises about 8.8% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 2nd largest position. Summit Financial Wealth Advisors LLC’s holdings in Vanguard Growth ETF were worth $49,214,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Caldwell Trust Co purchased a new stake in shares of Vanguard Growth ETF in the 2nd quarter valued at approximately $2,847,000. Watts Gwilliam & Co. LLC boosted its position in shares of Vanguard Growth ETF by 17.8% during the 2nd quarter. Watts Gwilliam & Co. LLC now owns 21,866 shares of the company’s stock worth $10,410,000 after acquiring an additional 3,299 shares in the last quarter. Canal Capital Management LLC increased its holdings in shares of Vanguard Growth ETF by 4.7% in the 2nd quarter. Canal Capital Management LLC now owns 2,236 shares of the company’s stock valued at $980,000 after acquiring an additional 100 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Vanguard Growth ETF by 35.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 43,076 shares of the company’s stock worth $18,885,000 after acquiring an additional 11,196 shares in the last quarter. Finally, Prospera Capital Management LLC lifted its stake in Vanguard Growth ETF by 3.3% during the second quarter. Prospera Capital Management LLC now owns 10,286 shares of the company’s stock worth $4,514,000 after purchasing an additional 329 shares during the last quarter.

Vanguard Growth ETF Stock Down 1.6%

Shares of VUG opened at $485.26 on Monday. The company has a market capitalization of $196.98 billion, a price-to-earnings ratio of 36.22 and a beta of 1.17. Vanguard Growth ETF has a 52-week low of $316.14 and a 52-week high of $505.38. The stock has a 50 day moving average price of $486.90 and a 200 day moving average price of $463.09.

Vanguard Growth ETF 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.