Is Vanguard's Growth ETF a Buy at a Record High?
Ten years of beating the S&P 500 is tough to ignore -- but is it a reason to buy at a record?
Overview
Shares of the Vanguard Morningstar Growth ETF (NYSEMKT:VUG) set a record high of around $92 on Monday. That's up about 31% from the fund's closing low on March 30.
The price also reflects a 6-for-1 share split in April, which gave each investor six shares for every one they owned without changing what their stake was worth.
Details
Step back, and the record caps a strong decade. With dividends, the fund has returned around 18.2% a year for the last 10 years, based on its dividend-adjusted closing prices. The Vanguard S&P 500 ETF (NYSEMKT:VOO) returned around 15.5% a year for the same span.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.