Tide Cove Capital Increases Stake in Vanguard Growth ETF to $9.08 Million

Tide Cove Capital Partners LLC has raised its investment in the Vanguard Growth ETF (NYSEARCA: VUG) by 1.8%, according to its latest filing with the Securities and Exchange Commission (SEC). The firm now holds 19,903 shares of the ETF, having acquired an additional 346 shares in the second quarter of 2023. This increase brings the total value of Tide Cove’s holdings in Vanguard Growth ETF to approximately $9.08 million, making it the fund’s fourth largest investment, representing about 7.2% of its overall portfolio.

Other investment firms have also recently adjusted their stakes in the Vanguard Growth ETF. Notably, Liberty Wealth Management LLC significantly increased its position by an impressive 1,131.2% during the first quarter of 2023. Following this boost, Liberty Wealth now owns 69,093 shares valued at around $25.62 million, after acquiring an additional 63,481 shares.

Similarly, Partners in Financial Planning raised its holdings by 0.7% in the same quarter, bringing its total to 144,647 shares worth about $53.64 million. Another firm, Fountainhead AM LLC, increased its stake by 13.2%, now owning 39,939 shares valued at approximately $14.81 million. Additionally, Jaffetilchin Investment Partners LLC enhanced its holdings by 45.0%, purchasing 1,140 shares to reach a total of 3,676 shares worth about $1.36 million.

As of now, the Vanguard Growth ETF is trading slightly lower, down 0.5% at $476.08 per share. The ETF has experienced a 12-month low of $316.14 and a high of $488.51. With a market capitalization of $193.25 billion, the fund has a price-to-earnings (P/E) ratio of 36.22 and a beta of 1.11. Its 50-day simple moving average stands at $469.80, while the 200-day average is $430.17.

The Vanguard Growth ETF, previously known as the Vanguard Growth Index Fund, employs a passive management strategy designed to track the performance of the MSCI US Prime Market Growth Index. This index consists of a diversified selection of growth stocks from large U.S. companies, making the ETF a popular choice for investors seeking exposure to the growth segment of the market.

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