Timbuktu Capital Management LLC Invests $1.75 Million in Vanguard Growth ETF $VUG

Timbuktu Capital Management LLC purchased a new position in shares of Vanguard Growth ETF (NYSEARCA:VUG) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 20,320 shares of the company’s stock, valued at approximately $1,750,000. Vanguard Growth ETF accounts for 2.6% of Timbuktu Capital Management LLC’s investment portfolio, making the stock its 9th biggest position.

Several other hedge funds also recently added to or reduced their stakes in VUG. Bonfire Financial increased its stake in Vanguard Growth ETF by 494.4% in the second quarter. Bonfire Financial now owns 102,807 shares of the company’s stock worth $8,856,000 after purchasing an additional 85,512 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in shares of Vanguard Growth ETF during the second quarter worth $1,635,000. Abound Wealth Management boosted its stake in shares of Vanguard Growth ETF by 602.7% during the second quarter. Abound Wealth Management now owns 10,456 shares of the company’s stock valued at $901,000 after purchasing an additional 8,968 shares during the period. Calder Financial LLC boosted its stake in shares of Vanguard Growth ETF by 502.0% during the second quarter. Calder Financial LLC now owns 55,893 shares of the company’s stock valued at $4,815,000 after purchasing an additional 46,609 shares during the period. Finally, Valued Retirements Inc. grew its holdings in shares of Vanguard Growth ETF by 499.9% in the second quarter. Valued Retirements Inc. now owns 10,366 shares of the company’s stock worth $893,000 after purchasing an additional 8,638 shares during the last quarter.

Vanguard Growth ETF Price Performance

VUG stock opened at $88.45 on Friday. The company has a market capitalization of $228.81 billion, a PE ratio of 36.22 and a beta of 1.22. Vanguard Growth ETF has a 12 month low of $69.63 and a 12 month high of $90.60. The firm’s 50-day moving average is $86.88 and its 200 day moving average is $83.16.

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.