Avidian Wealth Solutions LLC Cuts Stake in Vanguard Growth ETF (NYSEARCA:VUG)

Avidian Wealth Solutions LLC lessened its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,795 shares of the company’s stock after selling 75 shares during the period. Avidian Wealth Solutions LLC’s holdings in Vanguard Growth ETF were worth $3,045,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Vanguard Growth ETF during the third quarter worth about $27,000. Allspring Global Investments Holdings LLC acquired a new stake in Vanguard Growth ETF in the 4th quarter worth approximately $27,000. ARK Investment Management LLC grew its position in Vanguard Growth ETF by 73.2% during the 4th quarter. ARK Investment Management LLC now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 41 shares during the last quarter. Arvest Investments Inc. acquired a new position in Vanguard Growth ETF during the 4th quarter valued at approximately $30,000. Finally, Orion Capital Management LLC purchased a new position in shares of Vanguard Growth ETF in the third quarter worth $35,000.

Vanguard Growth ETF Trading Up 1.7 %

Shares of NYSEARCA:VUG traded up $5.79 on Friday, hitting $338.99. 836,023 shares of the company were exchanged, compared to its average volume of 1,046,997. The stock’s 50 day moving average price is $338.80 and its 200 day moving average price is $316.85. Vanguard Growth ETF has a 1-year low of $246.28 and a 1-year high of $348.88. The firm has a market capitalization of $116.78 billion, a P/E ratio of 39.58 and a beta of 1.26.

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.