Geneos Wealth Management Inc. has significantly expanded its investment in the Vanguard Growth ETF (NYSEARCA: VUG) by acquiring 10,602 additional shares during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission (SEC), this move increases Geneos’s total holdings in the ETF by 26.4%, bringing its total to 50,831 shares valued at approximately $22,284,000.
This development reflects a broader trend among institutional investors modifying their stakes in the Vanguard Growth ETF. Other notable adjustments include Brighton Jones LLC, which grew its position by 5.4% in the fourth quarter, now owning 16,922 shares worth $6,945,000 after acquiring an additional 870 shares. Vanguard Group Inc. also increased its holdings by 5.6% in the first quarter, bringing its total to 178,670 shares valued at $66,254,000.
Further investments were seen from Russell Investments Group Ltd., which lifted its stake by an impressive 51.1% during the first quarter, now holding 2,168 shares worth $804,000. Cookson Peirce & Co. Inc. enhanced its position by 20.1%, now owning 645 shares valued at $239,000. Additionally, American Century Companies Inc. made a notable entry into the ETF with a new stake worth approximately $3,728,000.
Vanguard Growth ETF Performance Metrics
As of the latest trading session, shares of the Vanguard Growth ETF opened at $485.26. The ETF boasts a market capitalization of $196.98 billion, with a price-to-earnings (PE) ratio of 36.22 and a beta of 1.17, indicating its volatility relative to the market. Over the past year, the ETF has experienced a low of $316.14 and a high of $505.38. The stock’s performance is further illustrated by its 50-day simple moving average of $486.90 and a two-hundred day simple moving average of $462.73.
Vanguard Growth ETF, formerly known as Vanguard Growth Index Fund, utilizes a passive management strategy designed to track the performance of the MSCI US Prime Market Growth Index. This index comprises a diverse array of growth stocks from large United States companies, making the ETF a prominent choice for investors seeking exposure to the U.S. growth market.
Overall, Geneos Wealth Management’s strategic increase in holdings, alongside the movements of various institutional investors, underscores a growing confidence in the Vanguard Growth ETF as a solid investment vehicle within the current market landscape.
