Sagespring Wealth Partners LLC Takes Position in Vanguard Growth ETF (NYSEARCA:VUG)

Sagespring Wealth Partners LLC acquired a new stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,057 shares of the company’s stock, valued at approximately $1,665,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in shares of Vanguard Growth ETF by 23.5% in the fourth quarter. Jones Financial Companies Lllp now owns 28,577,762 shares of the company’s stock valued at $11,729,457,000 after acquiring an additional 5,429,720 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in Vanguard Growth ETF by 34,615.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 5,487,441 shares of the company’s stock worth $2,252,265,000 after purchasing an additional 5,471,634 shares in the last quarter. LPL Financial LLC boosted its stake in Vanguard Growth ETF by 2.9% in the 4th quarter. LPL Financial LLC now owns 5,128,614 shares of the company’s stock worth $2,104,988,000 after purchasing an additional 142,346 shares during the period. Wells Fargo & Company MN boosted its stake in Vanguard Growth ETF by 15.3% in the 4th quarter. Wells Fargo & Company MN now owns 3,993,557 shares of the company’s stock worth $1,639,116,000 after purchasing an additional 529,565 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Vanguard Growth ETF during the 4th quarter valued at approximately $970,862,000.

Vanguard Growth ETF Stock Performance

VUG stock opened at $360.20 on Monday. The company’s fifty day moving average price is $388.66 and its 200-day moving average price is $400.12. Vanguard Growth ETF has a one year low of $316.14 and a one year high of $429.11. The company has a market capitalization of $356.98 billion, a PE ratio of 33.17 and a beta of 1.19.

Vanguard Growth ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from Vanguard Growth ETF’s previous dividend of $0.46.

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.