Founders Financial Alliance LLC Trims Stock Position in Vanguard Growth ETF (NYSEARCA:VUG)

Founders Financial Alliance LLC cut its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 7.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,856 shares of the company’s stock after selling 291 shares during the quarter. Founders Financial Alliance LLC’s holdings in Vanguard Growth ETF were worth $1,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VUG. Global Assets Advisory LLC purchased a new stake in Vanguard Growth ETF in the first quarter worth $38,393,000. Comerica Bank grew its position in shares of Vanguard Growth ETF by 11.4% in the 4th quarter. Comerica Bank now owns 143,229 shares of the company’s stock worth $44,527,000 after buying an additional 14,695 shares during the period. Waterloo Capital L.P. bought a new position in shares of Vanguard Growth ETF in the 4th quarter worth about $292,000. Buckingham Strategic Partners LLC lifted its position in Vanguard Growth ETF by 5.1% during the 4th quarter. Buckingham Strategic Partners LLC now owns 8,463 shares of the company’s stock valued at $2,631,000 after acquiring an additional 413 shares during the period. Finally, NBC Securities Inc. lifted its position in Vanguard Growth ETF by 22.3% during the 1st quarter. NBC Securities Inc. now owns 603 shares of the company’s stock valued at $217,000 after acquiring an additional 110 shares during the period.

Vanguard Growth ETF Stock Performance

Shares of VUG opened at $383.79 on Tuesday. Vanguard Growth ETF has a fifty-two week low of $260.65 and a fifty-two week high of $392.14. The firm’s 50-day simple moving average is $368.79 and its two-hundred day simple moving average is $359.96. The stock has a market cap of $132.21 billion, a PE ratio of 39.58 and a beta of 1.26.

Vanguard Growth ETF Company Profile

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.