Geneos Wealth Management Inc. significantly expanded its investment in the Vanguard Growth ETF (NYSEARCA:VUG) by acquiring an additional 10,602 shares during the second quarter of 2023. This move increased Geneos’s holdings by 26.4%, bringing its total ownership to 50,831 shares. As of its latest filing with the Securities and Exchange Commission (SEC), these shares are valued at approximately $22,284,000.
The decision by Geneos Wealth Management comes amid a broader trend of institutional investors adjusting their stakes in the Vanguard Growth ETF. Other notable investors have also made recent changes. For instance, Brighton Jones LLC raised its position by 5.4% in the fourth quarter, now holding 16,922 shares worth around $6,945,000 after an acquisition of 870 shares.
Vanguard Group Inc. has also increased its investment in the ETF, lifting its holdings by 5.6% in the first quarter. This brings Vanguard Group’s total to 178,670 shares, valued at $66,254,000 after adding 9,412 shares during the same period.
Another significant player, Russell Investments Group Ltd., grew its stake by 51.1% in the first quarter, now owning 2,168 shares valued at $804,000 following the addition of 733 shares. Meanwhile, Cookson Peirce & Co. Inc. increased its position by 20.1%, now holding 645 shares worth $239,000 after acquiring an additional 108 shares. Furthermore, American Century Companies Inc. entered the Vanguard Growth ETF with a new investment valued at around $3,728,000 during the first quarter.
Vanguard Growth ETF Performance Overview
As of the latest trading session, shares of the Vanguard Growth ETF opened at $485.26. The fund boasts a market capitalization of $196.98 billion and a price-to-earnings (PE) ratio of 36.22, indicating strong investor interest. Over the past year, the ETF has seen a low of $316.14 and a high of $505.38, showcasing its volatility and growth potential.
The ETF’s 50-day and 200-day simple moving averages stand at $486.90 and $462.73, respectively, reflecting its recent performance trends.
About Vanguard Growth ETF
The Vanguard Growth ETF, previously known as the Vanguard Growth Index Fund, employs a passive investment approach aimed at tracking the performance of the MSCI US Prime Market Growth Index. This index comprises a diversified selection of large-cap growth stocks from leading U.S. companies, making it a popular choice for investors seeking to capitalize on growth opportunities in the market.
As institutional investments continue to shift, the activities of firms like Geneos Wealth Management highlight the ongoing interest in growth-focused investment strategies.
