Meridian Wealth Management LLC Boosts Stock Holdings in Vanguard Growth ETF (NYSEARCA:VUG)

Meridian Wealth Management LLC increased its position in Vanguard Growth ETF (NYSEARCA:VUG) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,043 shares of the company’s stock after acquiring an additional 458 shares during the period. Vanguard Growth ETF comprises approximately 1.1% of Meridian Wealth Management LLC’s holdings, making the stock its 14th largest position. Meridian Wealth Management LLC’s holdings in Vanguard Growth ETF were worth $22,983,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new position in shares of Vanguard Growth ETF in the fourth quarter worth $28,000. Human Investing LLC purchased a new stake in shares of Vanguard Growth ETF during the fourth quarter valued at $28,000. Cardinal Strategic Wealth Guidance bought a new stake in Vanguard Growth ETF in the 4th quarter worth about $33,000. Providence First Trust Co purchased a new position in Vanguard Growth ETF in the 4th quarter worth about $33,000. Finally, Global Trust Asset Management LLC lifted its stake in Vanguard Growth ETF by 1,071.4% during the 4th quarter. Global Trust Asset Management LLC now owns 82 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares during the period.

Vanguard Growth ETF Stock Up 1.8 %

Shares of NYSEARCA VUG opened at $405.73 on Monday. The firm’s 50-day moving average price is $417.45 and its 200-day moving average price is $400.79. Vanguard Growth ETF has a 52-week low of $321.29 and a 52-week high of $429.11. The company has a market cap of $393.87 billion, a PE ratio of 37.80 and a beta of 1.12.

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.