Maridea Wealth Management LLC Takes $8.03 Million Position in Vanguard Growth ETF (NYSEARCA:VUG)

Maridea Wealth Management LLC purchased a new position in shares of Vanguard Growth ETF (NYSEARCA:VUG) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 19,554 shares of the company’s stock, valued at approximately $8,026,000. Vanguard Growth ETF accounts for 2.6% of Maridea Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP boosted its holdings in shares of Vanguard Growth ETF by 36.0% in the third quarter. Quantbot Technologies LP now owns 1,748 shares of the company’s stock valued at $671,000 after acquiring an additional 463 shares in the last quarter. Fiduciary Trust Co acquired a new stake in Vanguard Growth ETF in the third quarter valued at about $572,000. Financial Counselors Inc. boosted its holdings in Vanguard Growth ETF by 0.3% in the 3rd quarter. Financial Counselors Inc. now owns 36,467 shares of the company’s stock valued at $14,001,000 after purchasing an additional 101 shares in the last quarter. Carl P. Sherr & Co. LLC increased its position in Vanguard Growth ETF by 4.2% during the 3rd quarter. Carl P. Sherr & Co. LLC now owns 5,883 shares of the company’s stock worth $2,259,000 after purchasing an additional 239 shares during the period. Finally, CWS Financial Advisors LLC raised its stake in shares of Vanguard Growth ETF by 4.9% during the 3rd quarter. CWS Financial Advisors LLC now owns 21,156 shares of the company’s stock worth $8,122,000 after buying an additional 980 shares in the last quarter.

Vanguard Growth ETF Price Performance

VUG opened at $370.43 on Friday. Vanguard Growth ETF has a 12 month low of $321.29 and a 12 month high of $429.11. The stock has a market capitalization of $367.11 billion, a P/E ratio of 35.10 and a beta of 1.14. The business has a 50 day simple moving average of $404.29 and a 200-day simple moving average of $401.84.

Vanguard Growth ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This is an increase from Vanguard Growth ETF’s previous dividend of $0.46.

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.