Janney Montgomery Scott LLC Sells 20,540 Shares of Vanguard Growth ETF $VUG

Janney Montgomery Scott LLC reduced its position in Vanguard Growth ETF (NYSEARCA:VUG) by 13.0% in the first quarter, Holdings Channel.com reports. The fund owned 137,288 shares of the company’s stock after selling 20,540 shares during the period. Janney Montgomery Scott LLC’s holdings in Vanguard Growth ETF were worth $59,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. DecisionPoint Financial LLC lifted its holdings in shares of Vanguard Growth ETF by 116.0% during the fourth quarter. DecisionPoint Financial LLC now owns 54 shares of the company’s stock valued at $26,000 after purchasing an additional 29 shares in the last quarter. Turning Point Benefit Group Inc. bought a new stake in Vanguard Growth ETF in the 3rd quarter worth about $26,000. Byrne Asset Management LLC increased its holdings in Vanguard Growth ETF by 520.0% in the 4th quarter. Byrne Asset Management LLC now owns 62 shares of the company’s stock worth $30,000 after buying an additional 52 shares in the last quarter. Team Financial Group LLC raised its position in Vanguard Growth ETF by 366.7% in the 4th quarter. Team Financial Group LLC now owns 70 shares of the company’s stock worth $34,000 after buying an additional 55 shares during the last quarter. Finally, Strategic Wealth Advisors LLC purchased a new position in Vanguard Growth ETF in the 4th quarter worth about $35,000.

Vanguard Growth ETF Stock Performance

VUG opened at $82.76 on Monday. The company’s 50-day simple moving average is $85.79 and its two-hundred day simple moving average is $80.96. The stock has a market capitalization of $35.16 billion, a P/E ratio of 36.22 and a beta of 1.22. Vanguard Growth ETF has a 52-week low of $69.63 and a 52-week high of $90.60.

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.