Capital Wealth Management LLC Sells 1,694 Shares of Vanguard Growth ETF (NYSEARCA:VUG)

Capital Wealth Management LLC reduced its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 65,893 shares of the company’s stock after selling 1,694 shares during the period. Vanguard Growth ETF makes up 11.6% of Capital Wealth Management LLC’s investment portfolio, making the stock its largest holding. Capital Wealth Management LLC’s holdings in Vanguard Growth ETF were worth $27,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its stake in shares of Vanguard Growth ETF by 8.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,147 shares of the company’s stock worth $803,000 after purchasing an additional 167 shares during the last quarter. King Luther Capital Management Corp raised its position in Vanguard Growth ETF by 90.8% in the 2nd quarter. King Luther Capital Management Corp now owns 1,423 shares of the company’s stock valued at $532,000 after buying an additional 677 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Vanguard Growth ETF by 8.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,130 shares of the company’s stock valued at $1,170,000 after purchasing an additional 248 shares in the last quarter. Merriman Wealth Management LLC boosted its stake in shares of Vanguard Growth ETF by 25.0% in the 2nd quarter. Merriman Wealth Management LLC now owns 1,011 shares of the company’s stock worth $379,000 after buying an additional 202 shares during the last quarter. Finally, Lavaca Capital LLC bought a new position in shares of Vanguard Growth ETF in the second quarter valued at approximately $968,000.

Vanguard Growth ETF Trading Up 1.3 %

Shares of VUG opened at $415.91 on Monday. The stock has a 50 day moving average of $413.64 and a 200 day moving average of $390.10. Vanguard Growth ETF has a 12 month low of $312.19 and a 12 month high of $428.69. The company has a market capitalization of $143.28 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26.

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.