Security Financial Services INC. has boosted its investment in the Vanguard Growth ETF (NYSEARCA: VUG) by 3.6% during the second quarter of 2023, according to a recent filing with the Securities and Exchange Commission (SEC). The firm now holds 15,875 shares after acquiring an additional 553 shares, bringing the total value of its holdings to approximately $6.96 million.
This shift comes as several other hedge funds have also adjusted their stakes in the Vanguard Growth ETF. For instance, Brighton Jones LLC increased its position by 5.4% in the fourth quarter, resulting in ownership of 16,922 shares valued at $6.95 million after acquiring 870 shares.
In a significant move, Edgestream Partners L.P. raised its holdings by an impressive 109.4% in the first quarter, bringing its total to 2,077 shares worth $770,000 following the purchase of 1,085 new shares. Similarly, Massachusetts Financial Services Co. MA lifted its stake by 52.8% during the same period, now owning 1,366 shares valued at $507,000 after adding 472 shares.
Independent Wealth Network Inc. also grew its position by 1.2%, owning 5,576 shares worth $2.07 million following the acquisition of 65 additional shares. Patton Albertson Miller Group LLC increased its stake by 21.0%, now holding 2,578 shares valued at $956,000 after purchasing 447 shares.
Current Market Performance of Vanguard Growth ETF
As of the last trading session, shares of the Vanguard Growth ETF opened at $483.52. The fund has experienced a range of $316.14 to $505.38 over the past year, reflecting its market volatility. The ETF boasts a market capitalization of $196.27 billion, a price-to-earnings ratio of 36.22, and a beta of 1.17, indicating a correlation with market movements.
The ETF’s 50-day moving average stands at $483.04, while the 200-day moving average is at $450.32.
Vanguard Growth ETF, formerly known as Vanguard Growth Index Fund, employs a passive management strategy aimed at tracking the performance of the MSCI US Prime Market Growth Index. This index includes a diverse range of growth stocks from large U.S. companies, making it a popular choice among investors seeking growth-oriented investments.
For more insights into the investment landscape surrounding Vanguard Growth ETF, stakeholders can explore the latest 13F filings and insider trades at HoldingsChannel.com. Additionally, interested parties can subscribe to receive daily summaries of news and analyst ratings related to the ETF and other investment opportunities through MarketBeat’s free newsletter.
