Vanguard Growth ETF $VUG Stock: Cornerstone Wealth Advisors Inc. Reduces Position

Cornerstone Wealth Advisors Inc. lessened its stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 1.5% during the 3rd quarter, Holdings Channel reports. The firm owned 601,849 shares of the company’s stock after selling 9,208 shares during the quarter. Vanguard Growth ETF comprises approximately 11.4% of Cornerstone Wealth Advisors Inc.’s investment portfolio, making the stock its 3rd largest position. Cornerstone Wealth Advisors Inc.’s holdings in Vanguard Growth ETF were worth $54,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in shares of Vanguard Growth ETF by 458.6% during the second quarter. Jones Financial Companies Lllp now owns 219,112,994 shares of the company’s stock worth $18,137,223,000 after purchasing an additional 179,884,185 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Vanguard Growth ETF by 573.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 58,557,269 shares of the company’s stock valued at $5,043,716,000 after purchasing an additional 49,861,056 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Vanguard Growth ETF by 539.0% in the 2nd quarter. EP Wealth Advisors LLC now owns 23,330,170 shares of the company’s stock valued at $2,009,661,000 after purchasing an additional 19,678,907 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Vanguard Growth ETF by 513.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,888,180 shares of the company’s stock worth $937,908,000 after purchasing an additional 9,112,231 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Vanguard Growth ETF by 505.8% in the second quarter. HighTower Advisors LLC now owns 9,627,196 shares of the company’s stock valued at $829,287,000 after buying an additional 8,038,008 shares in the last quarter.

Vanguard Growth ETF Stock Down 2.1%

VUG opened at $87.93 on Friday. Vanguard Growth ETF has a twelve month low of $69.63 and a twelve month high of $93.00. The company has a 50-day moving average price of $89.20 and a 200 day moving average price of $86.07. The company has a market cap of $227.33 billion, a PE ratio of 36.22 and a beta of 1.22.

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.