Sovereign Financial Group Inc. Sells 56 Shares of Vanguard Growth ETF (NYSEARCA:VUG)

Sovereign Financial Group Inc. lessened its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,084 shares of the company’s stock after selling 56 shares during the quarter. Vanguard Growth ETF accounts for 5.5% of Sovereign Financial Group Inc.’s investment portfolio, making the stock its 2nd largest position. Sovereign Financial Group Inc.’s holdings in Vanguard Growth ETF were worth $23,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VUG. Sanctuary Advisors LLC acquired a new position in shares of Vanguard Growth ETF during the 2nd quarter worth $270,138,000. Axiom Advisory LLC increased its holdings in Vanguard Growth ETF by 9.3% during the 3rd quarter. Axiom Advisory LLC now owns 7,251,690 shares of the company’s stock valued at $2,696,912,000 after acquiring an additional 614,652 shares in the last quarter. Retirement Investment Advisors Inc. purchased a new position in Vanguard Growth ETF during the 2nd quarter valued at about $181,622,000. Smith Anglin Financial LLC lifted its holdings in shares of Vanguard Growth ETF by 49,394.9% in the third quarter. Smith Anglin Financial LLC now owns 361,313 shares of the company’s stock valued at $138,719,000 after purchasing an additional 360,583 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Vanguard Growth ETF by 26.5% in the third quarter. Captrust Financial Advisors now owns 1,231,708 shares of the company’s stock valued at $462,056,000 after purchasing an additional 257,784 shares during the last quarter.

Vanguard Growth ETF Price Performance

Shares of VUG opened at $403.83 on Wednesday. Vanguard Growth ETF has a 1-year low of $307.85 and a 1-year high of $428.69. The stock has a market cap of $139.12 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26. The firm has a 50 day simple moving average of $413.12 and a 200-day simple moving average of $389.44.

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.