Geneos Wealth Management Inc. has significantly increased its holdings in the Vanguard Growth ETF (NYSEARCA: VUG) by acquiring an additional 10,602 shares during the second quarter of 2023. This move raised Geneos’ position in the ETF by 26.4%, bringing the total number of shares owned to 50,831. As of the latest filing with the Securities and Exchange Commission (SEC), the value of Geneos’ investment in the Vanguard Growth ETF stands at approximately $22,284,000.
Several other institutional investors have also made adjustments to their holdings in the Vanguard Growth ETF recently. Brighton Jones LLC increased its stake by 5.4% in the fourth quarter, now owning 16,922 shares valued at $6,945,000 after adding 870 shares. Similarly, Vanguard Group Inc. lifted its holdings by 5.6% in the first quarter, owning 178,670 shares worth $66,254,000 following the acquisition of an additional 9,412 shares.
Russell Investments Group Ltd. showed a notable increase of 51.1% in its holdings of the Vanguard Growth ETF during the first quarter, bringing its total to 2,168 shares valued at $804,000 after acquiring 733 shares. Cookson Peirce & Co. Inc. also expanded its position by 20.1%, owning 645 shares worth $239,000 after adding 108 shares. American Century Companies Inc. entered the scene by purchasing a new stake in the ETF during the first quarter, valued at around $3,728,000.
Market Performance and Overview
The Vanguard Growth ETF has displayed strong market performance. As of the latest trading session, shares opened at $485.26. The ETF has a market capitalization of $196.98 billion, a price-to-earnings (PE) ratio of 36.22, and a beta of 1.17. Over the past year, the stock has fluctuated between a low of $316.14 and a high of $505.38. The 50-day simple moving average stands at $486.90, while the 200-day average is at $462.73.
The Vanguard Growth ETF is part of the Vanguard Growth Index Fund, which employs a passive management strategy designed to track the performance of the MSCI US Prime Market Growth Index. This index includes a diverse range of growth stocks from large U.S. companies, making the ETF a popular choice among investors seeking exposure to this sector.
As institutional interest continues to rise, the Vanguard Growth ETF remains a significant player in the investment landscape, reflecting the growing confidence in growth stocks amid changing market dynamics.