Powell Investment Advisors LLC Buys 23,981 Shares of Vanguard Growth ETF $VUG

Powell Investment Advisors LLC lifted its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 500.2% during the second quarter, Holdings Channel.com reports. The fund owned 28,775 shares of the company’s stock after buying an additional 23,981 shares during the period. Vanguard Growth ETF accounts for approximately 0.8% of Powell Investment Advisors LLC’s holdings, making the stock its 14th largest holding. Powell Investment Advisors LLC’s holdings in Vanguard Growth ETF were worth $2,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VUG. Brighton Jones LLC grew its stake in Vanguard Growth ETF by 5.4% in the fourth quarter. Brighton Jones LLC now owns 16,922 shares of the company’s stock valued at $6,945,000 after purchasing an additional 870 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Vanguard Growth ETF during the 2nd quarter worth approximately $1,859,000. Gamco Investors INC. ET AL bought a new stake in shares of Vanguard Growth ETF during the 2nd quarter worth approximately $320,000. Alliancebernstein L.P. raised its stake in shares of Vanguard Growth ETF by 142.2% during the 2nd quarter. Alliancebernstein L.P. now owns 722,843 shares of the company’s stock worth $316,894,000 after purchasing an additional 424,342 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in shares of Vanguard Growth ETF by 3.3% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,922 shares of the company’s stock valued at $2,279,000 after buying an additional 158 shares during the last quarter.

Vanguard Growth ETF Trading Down 0.4%

NYSEARCA:VUG opened at $89.34 on Friday. Vanguard Growth ETF has a 1-year low of $69.63 and a 1-year high of $90.60. The firm has a fifty day simple moving average of $86.09 and a 200 day simple moving average of $82.23. The stock has a market capitalization of $231.11 billion, a PE 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.