Vanguard Growth ETF (NYSEARCA:VUG) Sets New 12-Month High – Here’s Why

Vanguard Growth ETF (NYSEARCA:VUG)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $489.99 and last traded at $490.27, with a volume of 123927 shares changing hands. The stock had previously closed at $484.96.

Vanguard Growth ETF Trading Up 1.0%

The business has a fifty day moving average of $472.48 and a 200 day moving average of $436.41. The company has a market capitalization of $198.75 billion, a PE ratio of 36.22 and a beta of 1.11.

Hedge Funds Weigh In On Vanguard Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Smallwood Wealth Investment Management LLC purchased a new stake in Vanguard Growth ETF during the first quarter worth approximately $29,000. Allianz SE purchased a new stake in Vanguard Growth ETF during the first quarter worth approximately $29,000. Hager Investment Management Services LLC purchased a new stake in Vanguard Growth ETF during the first quarter worth approximately $31,000. Costello Asset Management INC purchased a new stake in Vanguard Growth ETF during the first quarter worth approximately $31,000. Finally, Legend Financial Advisors Inc. purchased a new stake in Vanguard Growth ETF during the second quarter worth approximately $31,000.

Vanguard Growth ETF Company 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.