Newport Wealth Strategies Inc. Buys 6,570 Shares of Vanguard Growth ETF (VUG)

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Newport Wealth Strategies Inc. raised its stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 17.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 43,995 shares of the company’s stock after acquiring an additional 6,570 shares during the period. Vanguard Growth ETF accounts for about 8.2% of Newport Wealth Strategies Inc.’s portfolio, making the stock its 2nd biggest position. Newport Wealth Strategies Inc.’s holdings in Vanguard Growth ETF were worth $6,443,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FTB Advisors Inc. increased its holdings in Vanguard Growth ETF by 3.0% in the 3rd quarter. FTB Advisors Inc. now owns 114,888 shares of the company’s stock worth $28,244,000 after acquiring an additional 3,308 shares during the last quarter. Brookstone Capital Management grew its holdings in Vanguard Growth ETF by 148.0% during the 3rd quarter. Brookstone Capital Management now owns 15,793 shares of the company’s stock valued at $2,543,000 after buying an additional 9,425 shares in the last quarter. Comerica Securities Inc. grew its holdings in Vanguard Growth ETF by 19.4% during the 3rd quarter. Comerica Securities Inc. now owns 51,377 shares of the company’s stock valued at $8,298,000 after buying an additional 8,351 shares in the last quarter. Warren Averett Asset Management LLC grew its holdings in Vanguard Growth ETF by 1.7% during the 3rd quarter. Warren Averett Asset Management LLC now owns 424,634 shares of the company’s stock valued at $68,383,000 after buying an additional 7,030 shares in the last quarter. Finally, Buckingham Asset Management LLC grew its holdings in Vanguard Growth ETF by 27.7% during the 3rd quarter. Buckingham Asset Management LLC now owns 11,448 shares of the company’s stock valued at $1,844,000 after buying an additional 2,486 shares in the last quarter.

VUG stock opened at $148.04 on Wednesday. Vanguard Growth ETF has a twelve month low of $134.60 and a twelve month high of $162.36.

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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.

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Institutional Ownership by Quarter for Vanguard Growth ETF (NYSEARCA:VUG)

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