Vanguard Growth ETF (NYSEARCA:VUG) Shares Sold by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC lessened its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,795 shares of the company’s stock after selling 75 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Vanguard Growth ETF were worth $3,045,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Vanguard Growth ETF in the 3rd quarter valued at about $27,000. Allspring Global Investments Holdings LLC acquired a new position in Vanguard Growth ETF in the fourth quarter worth about $27,000. ARK Investment Management LLC increased its holdings in Vanguard Growth ETF by 73.2% in the fourth quarter. ARK Investment Management LLC now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 41 shares during the last quarter. Arvest Investments Inc. acquired a new stake in Vanguard Growth ETF during the fourth quarter valued at approximately $30,000. Finally, Orion Capital Management LLC bought a new position in Vanguard Growth ETF during the 3rd quarter worth approximately $35,000.

Vanguard Growth ETF Stock Up 1.7 %

Shares of VUG traded up $5.79 during mid-day trading on Friday, hitting $338.99. The stock had a trading volume of 836,023 shares, compared to its average volume of 1,046,997. Vanguard Growth ETF has a fifty-two week low of $246.28 and a fifty-two week high of $348.88. The company has a market cap of $116.78 billion, a PE ratio of 39.58 and a beta of 1.26. The company’s fifty day simple moving average is $338.80 and its two-hundred day simple moving average is $316.85.

Vanguard Growth ETF 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.