Vanguard Growth ETF (NYSEARCA:VUG) Position Reduced by Destination Wealth Management
Destination Wealth Management cut its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 31.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276,094 shares of the company’s stock after selling 124,722 shares during the quarter. Vanguard Growth ETF makes up approximately 2.7% of Destination Wealth Management’s portfolio, making the stock its 9th largest holding. Destination Wealth Management owned 0.10% of Vanguard Growth ETF worth $43,261,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SP Asset Management lifted its holdings in Vanguard Growth ETF by 24.7% during the first quarter. SP Asset Management now owns 22,311 shares of the company’s stock valued at $3,496,000 after purchasing an additional 4,425 shares during the last quarter. Principle Wealth Partners LLC lifted its holdings in Vanguard Growth ETF by 327.1% during the first quarter. Principle Wealth Partners LLC now owns 123,232 shares of the company’s stock valued at $19,309,000 after purchasing an additional 94,376 shares during the last quarter. US Bancorp DE lifted its holdings in Vanguard Growth ETF by 11.6% during the first quarter. US Bancorp DE now owns 210,014 shares of the company’s stock valued at $32,907,000 after purchasing an additional 21,839 shares during the last quarter. Sontag Advisory LLC purchased a new stake in Vanguard Growth ETF during the first quarter valued at about $4,275,000. Finally, Private Advisor Group LLC lifted its holdings in Vanguard Growth ETF by 16.3% during the first quarter. Private Advisor Group LLC now owns 311,571 shares of the company’s stock valued at $48,820,000 after purchasing an additional 43,576 shares during the last quarter.
NYSEARCA VUG traded up $1.56 during trading on Monday, hitting $194.61. 64,665 shares of the company’s stock traded hands, compared to its average volume of 1,457,588. Vanguard Growth ETF has a 12-month low of $133.57 and a 12-month high of $202.18. The business has a 50 day moving average of $179.19 and a 200-day moving average of $178.45.
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.
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