Vanguard Growth ETF (NYSEARCA:VUG) Sees Strong Trading Volume – Time to Buy?

Shares of Vanguard Growth ETF (NYSEARCA:VUG) saw unusually-high trading volume on Wednesday . Approximately 2,444,558 shares traded hands during trading, an increase of 100% from the previous session’s volume of 1,224,865 shares.The stock last traded at $331.36 and had previously closed at $329.49.

Vanguard Growth ETF Trading Up 1.5 %

The company has a market capitalization of $331.60 billion, a PE ratio of 33.17 and a beta of 1.19. The firm’s 50-day simple moving average is $393.12 and its 200-day simple moving average is $400.71.

Vanguard Growth ETF Increases Dividend

The company 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. This is an increase from Vanguard Growth ETF’s previous dividend of $0.46. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC lifted its position in shares of Vanguard Growth ETF by 34,615.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 5,487,441 shares of the company’s stock valued at $2,252,265,000 after buying an additional 5,471,634 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Vanguard Growth ETF by 23.5% during 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in Vanguard Growth ETF in the fourth quarter valued at approximately $970,862,000. GAMMA Investing LLC grew its holdings in Vanguard Growth ETF by 46,224.2% in the first quarter. GAMMA Investing LLC now owns 1,364,247 shares of the company’s stock worth $505,890,000 after purchasing an additional 1,361,302 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Vanguard Growth ETF during the 4th quarter valued at $458,461,000.

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.