Financial Connections Group Inc. Lowers Stock Holdings in Vanguard Growth ETF $VUG

Financial Connections Group Inc. reduced its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 7.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,920 shares of the company’s stock after selling 2,489 shares during the quarter. Vanguard Growth ETF comprises approximately 6.0% of Financial Connections Group Inc.’s portfolio, making the stock its 3rd biggest holding. Financial Connections Group Inc.’s holdings in Vanguard Growth ETF were worth $15,309,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VUG. Laurel Wealth Advisors LLC boosted its position in shares of Vanguard Growth ETF by 45,810.0% in the second quarter. Laurel Wealth Advisors LLC now owns 9,185,671 shares of the company’s stock valued at $4,026,998,000 after acquiring an additional 9,165,663 shares during the period. Jones Financial Companies Lllp increased its position in Vanguard Growth ETF by 12.9% during the first quarter. Jones Financial Companies Lllp now owns 32,272,101 shares of the company’s stock worth $11,954,597,000 after acquiring an additional 3,694,339 shares during the period. Bank of America Corp DE raised its stake in Vanguard Growth ETF by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 49,386,990 shares of the company’s stock worth $21,651,256,000 after purchasing an additional 851,110 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Vanguard Growth ETF by 97.7% in the 2nd quarter. Corient Private Wealth LLC now owns 1,228,937 shares of the company’s stock valued at $538,790,000 after purchasing an additional 607,436 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Vanguard Growth ETF by 142.2% in the 2nd quarter. Alliancebernstein L.P. now owns 722,843 shares of the company’s stock valued at $316,894,000 after purchasing an additional 424,342 shares during the period.

Vanguard Growth ETF Stock Up 1.4%

Shares of NYSEARCA:VUG opened at $488.59 on Friday. Vanguard Growth ETF has a 12-month low of $316.14 and a 12-month high of $505.38. The company’s 50 day moving average price is $486.94 and its two-hundred day moving average price is $465.11. The firm has a market cap of $198.33 billion, a PE ratio of 36.22 and a beta of 1.17.

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. 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.