Verum Partners LLC Cuts Position in Vanguard Growth ETF (NYSEARCA:VUG)

Verum Partners LLC cut its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 37.9% in the 1st quarter, Holdings Channel reports. The fund owned 664 shares of the company’s stock after selling 406 shares during the quarter. Verum Partners LLC’s holdings in Vanguard Growth ETF were worth $228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VUG. Allspring Global Investments Holdings LLC purchased a new position in Vanguard Growth ETF in the fourth quarter worth $27,000. ARK Investment Management LLC boosted its position in Vanguard Growth ETF by 73.2% during the fourth quarter. ARK Investment Management LLC now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 41 shares during the period. Arvest Investments Inc. purchased a new stake in Vanguard Growth ETF during the fourth quarter valued at about $30,000. Livelsberger Financial Advisory purchased a new stake in Vanguard Growth ETF during the fourth quarter valued at about $33,000. Finally, Orion Capital Management LLC purchased a new stake in Vanguard Growth ETF during the third quarter valued at about $35,000.

Vanguard Growth ETF Price Performance

NYSEARCA VUG traded up $3.26 during trading on Tuesday, hitting $379.96. 781,690 shares of the company’s stock traded hands, compared to its average volume of 1,006,327. The stock has a fifty day moving average of $354.95 and a two-hundred day moving average of $337.98. Vanguard Growth ETF has a 12-month low of $260.65 and a 12-month high of $380.26. The firm has a market cap of $130.89 billion, a P/E 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.