PFG Advisors Invests $66.32 Million in Vanguard Growth ETF $VUG

PFG Advisors acquired a new stake in Vanguard Growth ETF (NYSEARCA:VUG) in the 3rd quarter, Holdings Channel reports. The fund acquired 138,277 shares of the company’s stock, valued at approximately $66,319,000. Vanguard Growth ETF comprises approximately 2.7% of PFG Advisors’ portfolio, making the stock its largest holding.

A number of other hedge funds have also made changes to their positions in the stock. Laurel Wealth Advisors LLC lifted its position in Vanguard Growth ETF by 45,810.0% in the second quarter. Laurel Wealth Advisors LLC now owns 9,185,671 shares of the company’s stock worth $4,026,998,000 after purchasing an additional 9,165,663 shares during the period. Vantagepoint Investment Advisers LLC boosted its stake in Vanguard Growth ETF by 12,542.9% during the 3rd quarter. Vantagepoint Investment Advisers LLC now owns 1,074,650 shares of the company’s stock valued at $515,413,000 after purchasing an additional 1,066,150 shares in the last quarter. Bank of America Corp DE increased its position in shares of Vanguard Growth ETF by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 49,386,990 shares of the company’s stock valued at $21,651,256,000 after purchasing an additional 851,110 shares during the period. Corient Private Wealth LLC increased its position in shares of Vanguard Growth ETF by 97.7% during the 2nd quarter. Corient Private Wealth LLC now owns 1,228,937 shares of the company’s stock valued at $538,790,000 after purchasing an additional 607,436 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Vanguard Growth ETF by 142.2% in the 2nd quarter. Alliancebernstein L.P. now owns 722,843 shares of the company’s stock worth $316,894,000 after buying an additional 424,342 shares in the last quarter.

Vanguard Growth ETF Stock Down 1.3%

Shares of Vanguard Growth ETF stock opened at $458.08 on Monday. The firm has a market cap of $191.08 billion, a price-to-earnings ratio of 36.22 and a beta of 1.17. The business has a fifty day simple moving average of $475.68 and a 200-day simple moving average of $479.16. Vanguard Growth ETF has a fifty-two week low of $316.14 and a fifty-two week high of $505.38.

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. The Index represents the growth companies of the MSCI US Prime Market 750 Index. The MSCI US Prime Market 750 Index represents the universe of large-capitalization companies in the United States equity market.