Vanguard Growth ETF (NYSEARCA:VUG) Sets New 12-Month High – Still a Buy?

Shares of Vanguard Growth ETF (NYSEARCA:VUG) hit a new 52-week high during trading on Thursday . The stock traded as high as $88.95 and last traded at $88.66, with a volume of 1901877 shares trading hands. The stock had previously closed at $88.21.

Vanguard Growth ETF Stock Performance

The company’s 50-day moving average is $81.17 and its 200 day moving average is $80.23. The company has a market capitalization of $38.06 billion, a PE ratio of 36.22 and a beta of 1.22.

Hedge Funds Weigh In On Vanguard Growth ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Turning Point Benefit Group Inc. bought a new position in shares of Vanguard Growth ETF in the 3rd quarter worth approximately $26,000. DecisionPoint Financial LLC lifted its stake in shares of Vanguard Growth ETF by 116.0% in the 4th quarter. DecisionPoint Financial LLC now owns 54 shares of the company’s stock worth $26,000 after purchasing an additional 29 shares during the period. Byrne Asset Management LLC lifted its stake in shares of Vanguard Growth ETF by 520.0% in the 4th quarter. Byrne Asset Management LLC now owns 62 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the period. Team Financial Group LLC lifted its stake in shares of Vanguard Growth ETF by 366.7% in the 4th quarter. Team Financial Group LLC now owns 70 shares of the company’s stock worth $34,000 after purchasing an additional 55 shares during the period. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Vanguard Growth ETF in the 4th quarter worth approximately $35,000.

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. 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.