Sharpepoint LLC Increases Position in Vanguard Growth ETF $VUG

Sharpepoint LLC raised its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 507.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,664 shares of the company’s stock after purchasing an additional 36,474 shares during the period. Vanguard Growth ETF makes up approximately 1.9% of Sharpepoint LLC’s holdings, making the stock its 21st largest holding. Sharpepoint LLC’s holdings in Vanguard Growth ETF were worth $3,761,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Turning Point Benefit Group Inc. purchased a new stake in Vanguard Growth ETF in the third quarter worth approximately $26,000. Strategic Wealth Advisors LLC purchased a new position in shares of Vanguard Growth ETF during the fourth quarter worth approximately $35,000. Garner Asset Management Corp bought a new position in shares of Vanguard Growth ETF during the 4th quarter valued at $41,000. Murphy & Mullick Capital Management Corp purchased a new position in Vanguard Growth ETF in the 4th quarter worth $41,000. Finally, Lifetime Wealth Management P.C. bought a new stake in Vanguard Growth ETF in the fourth quarter worth $44,000.

Vanguard Growth ETF Price Performance

NYSEARCA VUG opened at $89.34 on Monday. The company has a 50-day simple moving average of $86.09 and a two-hundred day simple moving average of $82.23. Vanguard Growth ETF has a 12-month low of $69.63 and a 12-month high of $90.60. The firm has a market cap of $231.11 billion, a price-to-earnings ratio of 36.22 and a beta of 1.22.

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. 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.