Fountainhead AM LLC Purchases 4,651 Shares of Vanguard Growth ETF (NYSEARCA:VUG)

Fountainhead AM LLC lifted its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 13.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,939 shares of the company’s stock after purchasing an additional 4,651 shares during the quarter. Vanguard Growth ETF accounts for 2.4% of Fountainhead AM LLC’s portfolio, making the stock its 14th largest position. Fountainhead AM LLC’s holdings in Vanguard Growth ETF were worth $14,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Vanguard Growth ETF by 5.4% during the 4th quarter. Brighton Jones LLC now owns 16,922 shares of the company’s stock worth $6,945,000 after buying an additional 870 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Vanguard Growth ETF during the 4th quarter worth about $2,830,000. Fiduciary Group LLC increased its stake in shares of Vanguard Growth ETF by 2.2% during the 4th quarter. Fiduciary Group LLC now owns 1,757 shares of the company’s stock worth $721,000 after purchasing an additional 38 shares during the last quarter. HUB Investment Partners LLC grew its stake in Vanguard Growth ETF by 9.3% in the 4th quarter. HUB Investment Partners LLC now owns 1,993 shares of the company’s stock valued at $818,000 after buying an additional 170 shares during the last quarter. Finally, Holderness Investments Co. grew its stake in Vanguard Growth ETF by 5.0% in the 4th quarter. Holderness Investments Co. now owns 1,791 shares of the company’s stock valued at $735,000 after buying an additional 85 shares during the last quarter.

Vanguard Growth ETF Stock Performance

VUG traded up $0.31 on Friday, reaching $448.39. The company had a trading volume of 893,957 shares, compared to its average volume of 1,264,876. Vanguard Growth ETF has a fifty-two week low of $316.14 and a fifty-two week high of $450.00. The stock has a market cap of $180.17 billion, a P/E ratio of 36.22 and a beta of 1.11. The company’s fifty day moving average is $424.95 and its 200 day moving average is $403.39.

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.