Gainline Financial Partners LLC Invests $550,000 in Vanguard Growth ETF $VUG

Gainline Financial Partners LLC bought a new stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) during the second quarter, Holdings Channel.com reports. The fund bought 6,390 shares of the company’s stock, valued at approximately $550,000. Vanguard Growth ETF comprises 0.5% of Gainline Financial Partners LLC’s holdings, making the stock its 28th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clark Wealth Partners boosted its position in Vanguard Growth ETF by 500.0% during the second quarter. Clark Wealth Partners now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 255 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in Vanguard Growth ETF in the third quarter valued at approximately $26,000. Kentucky Trust Co increased its position in shares of Vanguard Growth ETF by 500.0% in the second quarter. Kentucky Trust Co now owns 336 shares of the company’s stock valued at $29,000 after buying an additional 280 shares in the last quarter. Byrne Asset Management LLC increased its position in shares of Vanguard Growth ETF by 500.0% in the second quarter. Byrne Asset Management LLC now owns 372 shares of the company’s stock valued at $32,000 after buying an additional 310 shares in the last quarter. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of Vanguard Growth ETF in the fourth quarter valued at approximately $35,000.

Vanguard Growth ETF Price Performance

Shares of VUG stock opened at $88.45 on Friday. Vanguard Growth ETF has a 1-year low of $69.63 and a 1-year high of $90.60. The company has a market cap of $228.81 billion, a price-to-earnings ratio of 36.22 and a beta of 1.22. The stock has a 50 day simple moving average of $86.88 and a 200-day simple moving average of $83.16.

About Vanguard Growth ETF

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.