Financial Advocates Investment Management Has $16.73 Million Stock Holdings in Vanguard Growth ETF (NYSEARCA:VUG)

Financial Advocates Investment Management reduced its stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 5.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,702 shares of the company’s stock after selling 2,542 shares during the period. Vanguard Growth ETF makes up 0.9% of Financial Advocates Investment Management’s investment portfolio, making the stock its 15th biggest position. Financial Advocates Investment Management’s holdings in Vanguard Growth ETF were worth $16,731,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Strategic Financial Concepts LLC lifted its holdings in shares of Vanguard Growth ETF by 40,514.9% during the 2nd quarter. Strategic Financial Concepts LLC now owns 5,542,306 shares of the company’s stock worth $2,072,878,000 after acquiring an additional 5,528,660 shares during the period. Sanctuary Advisors LLC acquired a new position in Vanguard Growth ETF during the 2nd quarter worth about $270,138,000. Axiom Advisory LLC lifted its holdings in Vanguard Growth ETF by 9.3% during the 3rd quarter. Axiom Advisory LLC now owns 7,251,690 shares of the company’s stock worth $2,696,912,000 after buying an additional 614,652 shares during the period. Cetera Investment Advisers grew its position in shares of Vanguard Growth ETF by 114.2% in the 1st quarter. Cetera Investment Advisers now owns 1,036,238 shares of the company’s stock valued at $356,673,000 after buying an additional 552,439 shares during the last quarter. Finally, Retirement Investment Advisors Inc. bought a new position in shares of Vanguard Growth ETF during the second quarter worth about $181,622,000.

Vanguard Growth ETF Price Performance

Shares of VUG stock opened at $394.17 on Thursday. Vanguard Growth ETF has a one year low of $264.55 and a one year high of $397.18. The business’s 50 day simple moving average is $380.35 and its 200 day simple moving average is $366.79. The stock has a market capitalization of $135.79 billion, a PE ratio of 39.58 and a beta of 1.26.

Vanguard Growth ETF 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.