Vanguard Growth ETF (NYSEARCA:VUG) Stake Boosted by Kovack Advisors Inc.

Kovack Advisors Inc. grew its stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,396 shares of the company’s stock after purchasing an additional 915 shares during the quarter. Vanguard Growth ETF makes up 0.7% of Kovack Advisors Inc.’s portfolio, making the stock its 23rd largest holding. Kovack Advisors Inc.’s holdings in Vanguard Growth ETF were worth $6,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in VUG. Strategic Financial Concepts LLC boosted its holdings in shares of Vanguard Growth ETF by 40,514.9% during the second quarter. Strategic Financial Concepts LLC now owns 5,542,306 shares of the company’s stock valued at $2,072,878,000 after acquiring an additional 5,528,660 shares during the period. Sanctuary Advisors LLC bought a new stake in Vanguard Growth ETF in the 2nd quarter valued at about $270,138,000. Axiom Advisory LLC boosted its stake in Vanguard Growth ETF by 9.3% during the 3rd quarter. Axiom Advisory LLC now owns 7,251,690 shares of the company’s stock valued at $2,696,912,000 after purchasing an additional 614,652 shares during the period. Cetera Investment Advisers grew its position in Vanguard Growth ETF by 114.2% in the 1st quarter. Cetera Investment Advisers now owns 1,036,238 shares of the company’s stock worth $356,673,000 after purchasing an additional 552,439 shares during the last quarter. Finally, Retirement Investment Advisors Inc. bought a new position in Vanguard Growth ETF in the 2nd quarter worth about $181,622,000.

Vanguard Growth ETF Stock Performance

Shares of VUG traded down $0.22 during mid-day trading on Wednesday, reaching $408.58. 193,713 shares of the company’s stock traded hands, compared to its average volume of 1,018,141. The business’s 50-day moving average price is $384.60 and its 200-day moving average price is $371.27. The stock has a market capitalization of $140.75 billion, a P/E ratio of 39.58 and a beta of 1.26. Vanguard Growth ETF has a 12 month low of $292.85 and a 12 month high of $409.72.

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.