Cornerstone Wealth Management LLC Decreases Stake in Vanguard Growth ETF (NYSEARCA:VUG)

Cornerstone Wealth Management LLC lessened its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 2.3% in the 1st quarter, Holdings Channel reports. The fund owned 24,360 shares of the company’s stock after selling 581 shares during the quarter. Vanguard Growth ETF accounts for 0.7% of Cornerstone Wealth Management LLC’s holdings, making the stock its 29th largest holding. Cornerstone Wealth Management LLC’s holdings in Vanguard Growth ETF were worth $8,385,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC increased its position in Vanguard Growth ETF by 878.3% during the third quarter. EP Wealth Advisors LLC now owns 2,833,826 shares of the company’s stock worth $771,679,000 after purchasing an additional 2,544,151 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Vanguard Growth ETF during the 4th quarter worth approximately $710,519,000. Jones Financial Companies Lllp increased its holdings in shares of Vanguard Growth ETF by 7.3% during the 4th quarter. Jones Financial Companies Lllp now owns 19,238,821 shares of the company’s stock worth $5,980,965,000 after buying an additional 1,301,935 shares during the last quarter. Morgan Stanley raised its position in shares of Vanguard Growth ETF by 2.9% during the 3rd quarter. Morgan Stanley now owns 12,252,916 shares of the company’s stock valued at $3,336,592,000 after buying an additional 350,950 shares during the period. Finally, Pathstone Holdings LLC acquired a new position in Vanguard Growth ETF in the fourth quarter valued at approximately $107,753,000.

Vanguard Growth ETF Trading Up 0.7 %

VUG stock traded up $2.82 during midday trading on Thursday, hitting $382.77. 616,426 shares of the company’s stock were exchanged, compared to its average volume of 1,003,260. Vanguard Growth ETF has a 1-year low of $260.65 and a 1-year high of $382.98. The stock has a market capitalization of $131.86 billion, a PE ratio of 39.58 and a beta of 1.26. The business has a 50-day simple moving average of $355.93 and a two-hundred day simple moving average of $338.48.

Vanguard Growth ETF Company 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.