Kovack Advisors Inc. Purchases 975 Shares of Vanguard Growth ETF (NYSEARCA:VUG)

Kovack Advisors Inc. raised its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,901 shares of the company’s stock after purchasing an additional 975 shares during the period. Vanguard Growth ETF comprises 0.7% of Kovack Advisors Inc.’s portfolio, making the stock its 19th biggest position. Kovack Advisors Inc.’s holdings in Vanguard Growth ETF were worth $6,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Vanguard Growth ETF in the 4th quarter worth $27,000. ARK Investment Management LLC raised its position in shares of Vanguard Growth ETF by 73.2% in the 4th quarter. ARK Investment Management LLC now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 41 shares in the last quarter. Arvest Investments Inc. bought a new position in shares of Vanguard Growth ETF in the 4th quarter worth $30,000. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Vanguard Growth ETF in the 3rd quarter worth $27,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Vanguard Growth ETF in the 4th quarter worth $35,000.

Vanguard Growth ETF Stock Performance

NYSEARCA:VUG traded up $5.99 during mid-day trading on Friday, hitting $335.18. 1,436,470 shares of the company’s stock traded hands, compared to its average volume of 1,058,254. The company has a fifty day moving average of $338.87 and a 200 day moving average of $315.02. Vanguard Growth ETF has a twelve month low of $246.26 and a twelve month high of $348.88. The company has a market capitalization of $115.47 billion, a P/E ratio of 40.31 and a beta of 1.24.

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.