Vanguard Growth ETF $VUG Stock: Sowell Financial Services LLC Trims Stake

Sowell Financial Services LLC trimmed its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 12.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 108,598 shares of the company’s stock after selling 15,136 shares during the period. Sowell Financial Services LLC’s holdings in Vanguard Growth ETF were worth $9,786,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VUG. Jones Financial Companies Lllp raised its stake in shares of Vanguard Growth ETF by 458.6% during the 2nd quarter. Jones Financial Companies Lllp now owns 219,112,994 shares of the company’s stock worth $18,137,223,000 after acquiring an additional 179,884,185 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Vanguard Growth ETF by 573.4% in the second quarter. Envestnet Asset Management Inc. now owns 58,557,269 shares of the company’s stock valued at $5,043,716,000 after acquiring an additional 49,861,056 shares in the last quarter. Bank of America Corp DE boosted its stake in Vanguard Growth ETF by 14.1% in the first quarter. Bank of America Corp DE now owns 54,648,818 shares of the company’s stock valued at $23,870,057,000 after acquiring an additional 6,771,524 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in Vanguard Growth ETF by 539.0% in the second quarter. EP Wealth Advisors LLC now owns 23,330,170 shares of the company’s stock valued at $2,009,661,000 after acquiring an additional 19,678,907 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in Vanguard Growth ETF by 9.1% in the third quarter. Mather Group LLC. now owns 16,589,261 shares of the company’s stock worth $1,494,858,000 after purchasing an additional 1,386,967 shares during the last quarter.

Vanguard Growth ETF Trading Down 1.3%

NYSEARCA VUG opened at $87.69 on Friday. The firm’s fifty day simple moving average is $89.09 and its two-hundred day simple moving average is $83.97. The firm has a market capitalization of $226.70 billion, a P/E ratio of 36.22 and a beta of 1.22. Vanguard Growth ETF has a 12-month low of $69.63 and a 12-month high of $93.00.

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. The Index represents the growth companies of the MSCI US Prime Market 750 Index. The MSCI US Prime Market 750 Index represents the universe of large-capitalization companies in the United States equity market.