Financial Advocates Investment Management Sells 2,542 Shares of Vanguard Growth ETF (NYSEARCA:VUG)

Financial Advocates Investment Management lowered its position in Vanguard Growth ETF (NYSEARCA:VUG) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,702 shares of the company’s stock after selling 2,542 shares during the quarter. Vanguard Growth ETF makes up about 0.9% of Financial Advocates Investment Management’s investment portfolio, making the stock its 15th largest holding. Financial Advocates Investment Management’s holdings in Vanguard Growth ETF were worth $16,731,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Goelzer Investment Management Inc. acquired a new stake in shares of Vanguard Growth ETF in the first quarter valued at approximately $206,000. Perennial Investment Advisors LLC boosted its position in Vanguard Growth ETF by 5.4% during the second quarter. Perennial Investment Advisors LLC now owns 18,644 shares of the company’s stock worth $6,973,000 after purchasing an additional 962 shares during the period. Tempus Wealth Planning LLC acquired a new position in shares of Vanguard Growth ETF in the first quarter valued at $200,000. Creative Planning increased its holdings in shares of Vanguard Growth ETF by 1.4% in the third quarter. Creative Planning now owns 271,283 shares of the company’s stock valued at $104,154,000 after purchasing an additional 3,749 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Vanguard Growth ETF by 30.8% in the first quarter. Vanguard Group Inc. now owns 111,265 shares of the company’s stock valued at $38,297,000 after purchasing an additional 26,169 shares during the period.

Vanguard Growth ETF Stock Performance

Shares of VUG stock opened at $394.17 on Thursday. Vanguard Growth ETF has a 52 week low of $264.55 and a 52 week high of $397.18. The company has a market capitalization of $135.79 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26. The company has a 50-day simple moving average of $380.35 and a 200 day simple moving average of $366.79.

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.