Vanguard Growth ETF $VUG Stake Increased by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. boosted its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,254 shares of the company’s stock after purchasing an additional 1,567 shares during the quarter. Vanguard Growth ETF makes up 5.3% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 2nd largest position. Sovereign Financial Group Inc.’s holdings in Vanguard Growth ETF were worth $30,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Turning Point Benefit Group Inc. purchased a new stake in shares of Vanguard Growth ETF in the third quarter worth about $26,000. Kilter Group LLC bought a new position in shares of Vanguard Growth ETF in the second quarter valued at approximately $33,000. Friedenthal Financial bought a new position in shares of Vanguard Growth ETF in the third quarter valued at approximately $38,000. Ramirez Asset Management Inc. purchased a new position in Vanguard Growth ETF during the third quarter valued at approximately $38,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in Vanguard Growth ETF during the 3rd quarter worth approximately $46,000.

Vanguard Growth ETF Trading Down 1.8%

Vanguard Growth ETF stock opened at $440.30 on Friday. Vanguard Growth ETF has a 1-year low of $316.14 and a 1-year high of $505.38. The firm has a market capitalization of $183.66 billion, a PE ratio of 36.22 and a beta of 1.17. The firm’s 50 day simple moving average is $468.72 and its 200 day simple moving average is $478.77.

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.