Forum Financial Management LP has raised its stake in the Vanguard Growth ETF (NYSEARCA:VUG) by 4.3% during the second quarter of 2023, as revealed in a recent Form 13F filing with the Securities and Exchange Commission. The institutional investor now holds 7,549 shares of the ETF, following an acquisition of an additional 314 shares during this reporting period. As of the end of June 2023, Forum Financial Management’s holdings in Vanguard Growth ETF were valued at approximately $3.31 million.
Investment Trends Among Major Players
Several other significant investors have also adjusted their positions in Vanguard Growth ETF recently. For instance, both Smallwood Wealth Investment Management LLC and Allianz SE established new positions in the ETF during the first quarter, each valued at $29,000. Similarly, Hager Investment Management Services LLC and Costello Asset Management INC each acquired new stakes valued at $31,000 during the same period. Additionally, Legend Financial Advisors Inc. purchased a new stake in the ETF in the second quarter, also valued at $31,000.
Price Performance Overview
On March 30, 2023, shares of Vanguard Growth ETF opened at $480.97. The ETF’s fifty-day moving average stands at $471.50, while the two-hundred day moving average is $433.53. Over the past year, Vanguard Growth ETF has seen a fifty-two week low of $316.14 and a high of $488.51. Currently, the ETF has a market capitalization of approximately $195.24 billion, with a price-to-earnings ratio of 36.22 and a beta of 1.11.
Overview of Vanguard Growth ETF
The Vanguard Growth Index Fund, previously known as Vanguard Growth ETF, utilizes a passive management strategy aimed at tracking the performance of the MSCI US Prime Market Growth Index. This index comprises a diversified selection of growth stocks from large companies across the United States, providing investors with exposure to a broad range of growth-oriented equities.
For those interested in tracking further developments related to Vanguard Growth ETF, resources such as HoldingsChannel.com provide up-to-date information regarding hedge fund holdings and insider trades. Subscribers can also access a concise daily summary of news and analysts’ ratings for the ETF through MarketBeat.com’s free daily email newsletter.
