Riggs Asset Management Co. Inc. has reduced its stake in the Vanguard Growth ETF (NYSEARCA: VUG) by 30.2% during the third quarter of this year. According to a report from HoldingsChannel, the firm sold 2,374 shares, leaving it with a total of 5,494 shares. As of its latest filing with the Securities and Exchange Commission, the value of Riggs’ holdings in the Vanguard Growth ETF stands at approximately $2,635,000.
Other hedge funds have made notable adjustments to their positions in the Vanguard Growth ETF as well. Kilter Group LLC entered the fray by acquiring a new position valued at around $33,000 in the second quarter. Anfield Capital Management LLC significantly increased its stake by 266.7% during the same period, now holding 77 shares worth approximately $34,000 after purchasing an additional 56 shares. Friedenthal Financial also joined the ranks, acquiring a new stake in the ETF during the third quarter valued at $38,000. Similarly, both Ramirez Asset Management Inc. and Family Legacy Financial Solutions LLC invested in new stakes during the same quarter, with valuations of $38,000 and $46,000, respectively.
Vanguard Growth ETF Overview
As of the latest trading session, Vanguard Growth ETF shares opened at $458.08. The stock has experienced a range over the past fifty-two weeks, with a low of $316.14 and a high of $505.38. The ETF currently boasts a market capitalization of $191.08 billion, a price-to-earnings ratio of 36.22, and a beta of 1.17. Its fifty-day moving average is $475.68, while the two-hundred-day moving average sits at $478.98.
The Vanguard Growth ETF, previously known as the Vanguard Growth Index Fund, employs a passive management strategy aimed at tracking the performance of the MSCI US Prime Market Growth Index. This index is designed to reflect the performance of growth stocks among large companies within the United States, representing a diversified portfolio of such stocks.
For those interested in further insights on institutional holdings of Vanguard Growth ETF, resources like HoldingsChannel.com provide up-to-date information on 13F filings and insider trades related to the ETF.
