Fountainhead AM LLC cut its stake in Vanguard Growth ETF (NYSEARCA:VUG – Free Report) by 9.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,222 shares of the company’s stock after selling 3,717 shares during the period. Vanguard Growth ETF makes up approximately 2.3% of Fountainhead AM LLC’s investment portfolio, making the stock its 13th biggest position. Fountainhead AM LLC’s holdings in Vanguard Growth ETF were worth $15,880,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. Legend Financial Advisors Inc. acquired a new position in shares of Vanguard Growth ETF during the 2nd quarter valued at $31,000. Biltmore Family Office LLC acquired a new stake in shares of Vanguard Growth ETF in the second quarter valued at $31,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Vanguard Growth ETF during the second quarter valued at about $32,000. Allianz SE acquired a new position in Vanguard Growth ETF during the first quarter worth about $29,000. Finally, Costello Asset Management INC acquired a new stake in Vanguard Growth ETF during the first quarter valued at approximately $31,000.
Vanguard Growth ETF Stock Performance
Vanguard Growth ETF stock opened at $484.48 on Monday. The firm has a market cap of $196.66 billion, a price-to-earnings ratio of 36.22 and a beta of 1.17. Vanguard Growth ETF has a 1 year low of $316.14 and a 1 year high of $505.38. The firm’s 50 day moving average price is $480.04 and its two-hundred day moving average price is $447.31.
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.
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