Tiaa Fsb lessened its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,453,350 shares of the company’s stock after selling 203,676 shares during the quarter. Vanguard Growth ETF makes up about 4.3% of Tiaa Fsb’s investment portfolio, making the stock its 5th largest holding. Tiaa Fsb’s holdings in Vanguard Growth ETF were worth $540,173,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VUG. JJJ Advisors Inc. acquired a new position in Vanguard Growth ETF in the fourth quarter worth $27,000. Lake Point Wealth Management acquired a new position in shares of Vanguard Growth ETF during the fourth quarter valued at $27,000. Contravisory Investment Management Inc. acquired a new position in shares of Vanguard Growth ETF during the first quarter valued at $27,000. Lindbrook Capital LLC acquired a new position in shares of Vanguard Growth ETF during the fourth quarter valued at $28,000. Finally, Karp Capital Management Corp acquired a new position in shares of Vanguard Growth ETF during the fourth quarter valued at $31,000.

Shares of VUG traded down $0.05 during midday trading on Monday, hitting $161.37. 635,920 shares of the stock traded hands, compared to its average volume of 928,063. Vanguard Growth ETF has a 1-year low of $124.85 and a 1-year high of $162.36.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 29th were issued a dividend of $0.432 per share. This represents a $1.73 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, March 28th.

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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.

Further Reading: What is a balanced fund?

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Institutional Ownership by Quarter for Vanguard Growth ETF (NYSEARCA:VUG)

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