Institute for Wealth Management LLC. Cuts Holdings in Vanguard Growth ETF (NYSEARCA:VUG)

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Institute for Wealth Management LLC. reduced its position in Vanguard Growth ETF (NYSEARCA:VUG) by 16.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,883 shares of the company’s stock after selling 5,109 shares during the period. Vanguard Growth ETF makes up about 0.9% of Institute for Wealth Management LLC.’s investment portfolio, making the stock its 14th biggest position. Institute for Wealth Management LLC.’s holdings in Vanguard Growth ETF were worth $4,229,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its stake in shares of Vanguard Growth ETF by 5.2% in the 4th quarter. Northern Trust Corp now owns 30,065 shares of the company’s stock valued at $4,039,000 after acquiring an additional 1,483 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Vanguard Growth ETF in the 4th quarter valued at about $533,000. Wedbush Securities Inc. increased its stake in shares of Vanguard Growth ETF by 2.6% in the 1st quarter. Wedbush Securities Inc. now owns 4,985 shares of the company’s stock valued at $780,000 after acquiring an additional 125 shares during the last quarter. Asset Dedication LLC increased its stake in shares of Vanguard Growth ETF by 36.8% in the 1st quarter. Asset Dedication LLC now owns 814 shares of the company’s stock valued at $127,000 after acquiring an additional 219 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of Vanguard Growth ETF by 513.2% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 650 shares of the company’s stock valued at $102,000 after acquiring an additional 544 shares during the last quarter.

Shares of VUG stock traded up $2.33 on Friday, reaching $163.60. The company had a trading volume of 460,300 shares, compared to its average volume of 800,622. The company has a 50-day moving average of $166.20 and a 200-day moving average of $159.23. Vanguard Growth ETF has a 12 month low of $124.85 and a 12 month high of $170.42.

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.

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Institutional Ownership by Quarter for Vanguard Growth ETF (NYSEARCA:VUG)

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