USA Financial Formulas Makes New Investment in Vanguard Growth ETF $VUG

USA Financial Formulas bought a new stake in Vanguard Growth ETF (NYSEARCA:VUG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,190 shares of the company’s stock, valued at approximately $581,000.

A number of other large investors also recently made changes to their positions in the company. Turning Point Benefit Group Inc. bought a new stake in Vanguard Growth ETF in the 3rd quarter worth about $26,000. Byrne Asset Management LLC lifted its position in shares of Vanguard Growth ETF by 520.0% during the 4th quarter. Byrne Asset Management LLC now owns 62 shares of the company’s stock worth $30,000 after buying an additional 52 shares in the last quarter. Kilter Group LLC bought a new position in shares of Vanguard Growth ETF during the 2nd quarter worth approximately $33,000. Team Financial Group LLC boosted 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 buying an additional 55 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in shares of Vanguard Growth ETF in the 3rd quarter worth approximately $38,000.

Vanguard Growth ETF Trading Down 2.4%

Shares of VUG opened at $422.37 on Friday. The stock has a 50 day moving average of $463.67 and a 200 day moving average of $477.84. The company has a market capitalization of $176.18 billion, a price-to-earnings ratio of 36.22 and a beta of 1.17. Vanguard Growth ETF has a 12 month low of $316.14 and a 12 month high of $505.38.

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.