Vanguard Growth ETF (NYSEARCA:VUG) Hits New 52-Week High – Still a Buy?

Vanguard Growth ETF (NYSEARCA:VUG) reached a new 52-week high on Tuesday . The company traded as high as $396.44 and last traded at $396.01, with a volume of 1423145 shares changing hands. The stock had previously closed at $393.12.

Vanguard Growth ETF Trading Down 2.9 %

The firm has a market capitalization of $131.91 billion, a P/E ratio of 39.58 and a beta of 1.26. The company has a 50-day moving average of $380.35 and a 200-day moving average of $366.79.

Hedge Funds Weigh In On Vanguard Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. New Millennium Group LLC acquired a new stake in Vanguard Growth ETF during the 2nd quarter worth about $31,000. Keener Financial Planning LLC bought a new stake in Vanguard Growth ETF in the first quarter worth approximately $29,000. CarsonAllaria Wealth Management Ltd. acquired a new position in Vanguard Growth ETF in the second quarter valued at approximately $34,000. Rosenberg Matthew Hamilton lifted its stake in Vanguard Growth ETF by 494.1% in the third quarter. Rosenberg Matthew Hamilton now owns 101 shares of the company’s stock valued at $39,000 after buying an additional 84 shares during the period. Finally, Stuart Chaussee & Associates Inc. bought a new position in shares of Vanguard Growth ETF during the 1st quarter worth approximately $40,000.

About Vanguard Growth ETF

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.