Gray Wealth Management Inc. Purchases 2,130 Shares of Vanguard Growth ETF (NYSEARCA:VUG)

Gray Wealth Management Inc. lifted its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 5.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,274 shares of the company’s stock after buying an additional 2,130 shares during the quarter. Vanguard Growth ETF comprises 6.7% of Gray Wealth Management Inc.’s holdings, making the stock its 3rd biggest position. Gray Wealth Management Inc.’s holdings in Vanguard Growth ETF were worth $13,764,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in Vanguard Growth ETF in the 4th quarter valued at about $27,000. ARK Investment Management LLC raised its position in shares of Vanguard Growth ETF by 73.2% in the fourth quarter. ARK Investment Management LLC now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 41 shares in the last quarter. Arvest Investments Inc. bought a new stake in shares of Vanguard Growth ETF in the fourth quarter valued at approximately $30,000. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Vanguard Growth ETF in the third quarter valued at approximately $27,000. Finally, Orion Capital Management LLC acquired a new stake in Vanguard Growth ETF during the third quarter worth approximately $35,000.

Vanguard Growth ETF Trading Down 0.6 %

NYSEARCA VUG traded down $2.03 during midday trading on Thursday, hitting $329.90. The company had a trading volume of 1,041,949 shares, compared to its average volume of 1,058,002. The firm has a 50-day moving average price of $339.63 and a 200-day moving average price of $312.63. The company has a market capitalization of $113.65 billion, a PE 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.