Vanguard Growth ETF (NYSEARCA:VUG) Sees Strong Trading Volume – Still a Buy?

Vanguard Growth ETF (NYSEARCA:VUG) saw strong trading volume on Thursday . 1,550,726 shares traded hands during trading, an increase of 54% from the previous session’s volume of 1,005,612 shares.The stock last traded at $385.36 and had previously closed at $394.25.

Vanguard Growth ETF Stock Performance

The company’s fifty day simple moving average is $380.35 and its two-hundred day simple moving average is $366.79. The company has a market capitalization of $132.17 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VUG. Axiom Advisory LLC grew its holdings in shares of Vanguard Growth ETF by 9.3% during the 3rd quarter. Axiom Advisory LLC now owns 7,251,690 shares of the company’s stock worth $2,696,912,000 after purchasing an additional 614,652 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in Vanguard Growth ETF by 40,514.9% during the 2nd quarter. Strategic Financial Concepts LLC now owns 5,542,306 shares of the company’s stock worth $2,072,878,000 after buying an additional 5,528,660 shares in the last quarter. LPL Financial LLC lifted its position in Vanguard Growth ETF by 4.5% during the 2nd quarter. LPL Financial LLC now owns 4,940,097 shares of the company’s stock valued at $1,847,646,000 after purchasing an additional 211,575 shares during the period. TIAA Trust National Association grew its holdings in Vanguard Growth ETF by 1.2% during the 2nd quarter. TIAA Trust National Association now owns 3,580,217 shares of the company’s stock worth $1,339,041,000 after acquiring an additional 40,907 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in Vanguard Growth ETF by 2.4% during the second quarter. EP Wealth Advisors LLC now owns 2,982,222 shares of the company’s stock worth $1,115,381,000 after buying an additional 70,828 shares during the last quarter.

Vanguard Growth ETF Company 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.