Fountainhead AM LLC Purchases 1,707 Shares of Vanguard Growth ETF (NYSEARCA:VUG)

Fountainhead AM LLC increased its stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,885 shares of the company’s stock after acquiring an additional 1,707 shares during the period. Vanguard Growth ETF comprises about 2.0% of Fountainhead AM LLC’s portfolio, making the stock its 16th largest position. Fountainhead AM LLC’s holdings in Vanguard Growth ETF were worth $7,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC acquired a new position in shares of Vanguard Growth ETF during the 2nd quarter worth about $64,000. Capital Investment Advisors LLC boosted its holdings in Vanguard Growth ETF by 1.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $893,000 after purchasing an additional 48 shares during the period. Montecito Bank & Trust bought a new stake in Vanguard Growth ETF in the 3rd quarter valued at about $249,000. DAVENPORT & Co LLC lifted its holdings in shares of Vanguard Growth ETF by 4.3% during the 3rd quarter. DAVENPORT & Co LLC now owns 88,797 shares of the company’s stock worth $24,180,000 after acquiring an additional 3,644 shares during the period. Finally, Founders Financial Securities LLC lifted its holdings in shares of Vanguard Growth ETF by 13.9% during the 3rd quarter. Founders Financial Securities LLC now owns 15,553 shares of the company’s stock worth $4,235,000 after acquiring an additional 1,893 shares during the period.

Vanguard Growth ETF Price Performance

VUG stock traded up $5.37 during trading on Tuesday, reaching $330.98. 834,709 shares of the company were exchanged, compared to its average volume of 1,058,248. The company has a 50-day moving average of $339.04 and a two-hundred day moving average of $314.41. The company has a market capitalization of $114.02 billion, a price-to-earnings ratio of 40.31 and a beta of 1.24. Vanguard Growth ETF has a twelve month low of $242.98 and a twelve month high of $348.88.

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.