Maridea Wealth Management LLC Makes New $8.03 Million Investment in Vanguard Growth ETF (NYSEARCA:VUG)

Maridea Wealth Management LLC acquired a new position in shares of Vanguard Growth ETF (NYSEARCA:VUG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 19,554 shares of the company’s stock, valued at approximately $8,026,000. Vanguard Growth ETF comprises about 2.6% of Maridea Wealth Management LLC’s holdings, making the stock its 8th biggest holding.

Several other large investors have also modified their holdings of the stock. Decker Retirement Planning Inc. purchased a new stake in Vanguard Growth ETF in the fourth quarter valued at $28,000. Human Investing LLC acquired a new stake in shares of Vanguard Growth ETF during the fourth quarter worth about $28,000. Cardinal Strategic Wealth Guidance purchased a new stake in shares of Vanguard Growth ETF in the 4th quarter valued at about $33,000. Providence First Trust Co acquired a new stake in shares of Vanguard Growth ETF in the 4th quarter valued at about $33,000. Finally, Global Trust Asset Management LLC grew 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 worth $34,000 after buying an additional 75 shares during the last quarter.

Vanguard Growth ETF Trading Down 2.7 %

Shares of NYSEARCA VUG opened at $370.43 on Friday. The stock has a market cap of $367.11 billion, a P/E ratio of 35.10 and a beta of 1.14. Vanguard Growth ETF has a twelve month low of $321.29 and a twelve month high of $429.11. The stock has a 50 day moving average of $404.29 and a two-hundred day moving average of $401.84.

Vanguard Growth ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, March 27th. This is a boost from Vanguard Growth ETF’s previous dividend of $0.46.

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.