IFP Advisors Inc Trims Stock Position in Vanguard Growth ETF $VUG

IFP Advisors Inc lessened its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 29.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 113,281 shares of the company’s stock after selling 47,536 shares during the quarter. Vanguard Growth ETF makes up approximately 1.4% of IFP Advisors Inc’s holdings, making the stock its 6th biggest holding. IFP Advisors Inc’s holdings in Vanguard Growth ETF were worth $49,694,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VUG. Liberty Wealth Management LLC raised its position in shares of Vanguard Growth ETF by 1,131.2% in the 1st quarter. Liberty Wealth Management LLC now owns 69,093 shares of the company’s stock valued at $25,621,000 after acquiring an additional 63,481 shares during the period. Partners in Financial Planning raised its position in shares of Vanguard Growth ETF by 0.7% in the 1st quarter. Partners in Financial Planning now owns 144,647 shares of the company’s stock valued at $53,638,000 after acquiring an additional 1,045 shares during the period. Fountainhead AM LLC raised its position in shares of Vanguard Growth ETF by 13.2% in the 1st quarter. Fountainhead AM LLC now owns 39,939 shares of the company’s stock valued at $14,810,000 after acquiring an additional 4,651 shares during the period. Jaffetilchin Investment Partners LLC raised its position in shares of Vanguard Growth ETF by 45.0% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 3,676 shares of the company’s stock valued at $1,363,000 after acquiring an additional 1,140 shares during the period. Finally, Spectrum Wealth Counsel LLC raised its position in shares of Vanguard Growth ETF by 2.7% in the 1st quarter. Spectrum Wealth Counsel LLC now owns 12,003 shares of the company’s stock valued at $4,451,000 after acquiring an additional 320 shares during the period.

Vanguard Growth ETF Price Performance

Shares of NYSEARCA:VUG opened at $486.51 on Friday. The company has a market capitalization of $197.48 billion, a price-to-earnings ratio of 36.22 and a beta of 1.11. The firm’s 50 day simple moving average is $467.39 and its 200 day simple moving average is $426.83. Vanguard Growth ETF has a fifty-two week low of $316.14 and a fifty-two week high of $487.32.

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.