The Manufacturers Life Insurance Company Decreases Holdings in Vanguard Growth ETF (NYSEARCA:VUG)

The Manufacturers Life Insurance Company lowered its position in Vanguard Growth ETF (NYSEARCA:VUG) by 17.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 215,331 shares of the company’s stock after selling 46,378 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vanguard Growth ETF were worth $88,378,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC raised its stake in shares of Vanguard Growth ETF by 34,615.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 5,487,441 shares of the company’s stock worth $2,252,265,000 after buying an additional 5,471,634 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Vanguard Growth ETF by 23.5% during the 4th quarter. Jones Financial Companies Lllp now owns 28,577,762 shares of the company’s stock valued at $11,729,457,000 after acquiring an additional 5,429,720 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Vanguard Growth ETF during the fourth quarter worth about $970,862,000. Lincoln National Corp purchased a new stake in shares of Vanguard Growth ETF in the fourth quarter valued at about $293,111,000. Finally, Wells Fargo & Company MN increased its stake in shares of Vanguard Growth ETF by 15.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,993,557 shares of the company’s stock worth $1,639,116,000 after purchasing an additional 529,565 shares in the last quarter.

Vanguard Growth ETF Stock Performance

VUG stock opened at $378.75 on Wednesday. The stock’s 50 day moving average price is $373.59 and its 200 day moving average price is $398.19. The firm has a market cap of $375.36 billion, a P/E ratio of 31.99 and a beta of 1.19. Vanguard Growth ETF has a 1 year low of $316.14 and a 1 year high of $429.11.

Vanguard Growth ETF Company 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.