IPG Investment Advisors LLC Makes New $2.46 Million Investment in Vanguard Growth ETF (NYSEARCA:VUG)

IPG Investment Advisors LLC bought a new stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,993 shares of the company’s stock, valued at approximately $2,460,000.

Several other institutional investors also recently made changes to their positions in the stock. Decker Retirement Planning Inc. bought a new position in Vanguard Growth ETF during the 4th quarter worth $28,000. Human Investing LLC bought a new stake in Vanguard Growth ETF in the 4th quarter valued at about $28,000. Cardinal Strategic Wealth Guidance acquired a new position in Vanguard Growth ETF during the 4th quarter valued at about $33,000. Providence First Trust Co bought a new position in Vanguard Growth ETF in the 4th quarter worth about $33,000. Finally, Global Trust Asset Management LLC increased its stake in shares of Vanguard Growth ETF by 1,071.4% in the fourth quarter. Global Trust Asset Management LLC now owns 82 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the period.

Vanguard Growth ETF Trading Down 2.7 %

Shares of NYSEARCA VUG opened at $370.43 on Friday. Vanguard Growth ETF has a 12-month low of $321.29 and a 12-month high of $429.11. The company has a market cap of $367.11 billion, a PE ratio of 35.10 and a beta of 1.14. The stock has a 50 day simple moving average of $404.29 and a 200-day simple moving average of $402.11.

Vanguard Growth ETF Increases Dividend

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

Vanguard Growth ETF Company 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.