Fonville Wealth Management LLC Invests $5.13 Million in Vanguard Growth ETF (NYSEARCA:VUG)

Fonville Wealth Management LLC bought a new position in shares of Vanguard Growth ETF (NYSEARCA:VUG) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 16,490 shares of the company’s stock, valued at approximately $5,126,000. Vanguard Growth ETF makes up 2.7% of Fonville Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding.

Other institutional investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC grew its position in shares of Vanguard Growth ETF by 118,736.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 424,890,653 shares of the company’s stock valued at $90,548,447,000 after purchasing an additional 424,533,112 shares during the period. Morgan Stanley grew its position in shares of Vanguard Growth ETF by 2.9% in the 3rd quarter. Morgan Stanley now owns 12,252,916 shares of the company’s stock valued at $3,336,592,000 after purchasing an additional 350,950 shares during the period. LPL Financial LLC grew its position in shares of Vanguard Growth ETF by 3.5% in the 3rd quarter. LPL Financial LLC now owns 4,482,941 shares of the company’s stock valued at $1,220,750,000 after purchasing an additional 150,564 shares during the period. TIAA Trust National Association grew its position in shares of Vanguard Growth ETF by 1.3% in the 4th quarter. TIAA Trust National Association now owns 3,417,277 shares of the company’s stock valued at $1,062,363,000 after purchasing an additional 44,928 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Vanguard Growth ETF by 1.0% in the 2nd quarter. Wells Fargo & Company MN now owns 3,117,447 shares of the company’s stock valued at $882,113,000 after purchasing an additional 29,966 shares during the period.

Vanguard Growth ETF Stock Down 0.6 %

Shares of VUG traded down $2.01 on Thursday, hitting $329.92. The company’s stock had a trading volume of 1,045,266 shares, compared to its average volume of 1,058,045. The firm’s fifty day moving average price is $339.63 and its 200-day moving average price is $312.63. Vanguard Growth ETF has a fifty-two week low of $242.98 and a fifty-two week high of $348.88. The firm has a market capitalization of $113.65 billion, a price-to-earnings 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.