Sovereign Financial Group Inc. Raises Holdings in Vanguard Growth ETF (NYSEARCA:VUG)

Sovereign Financial Group Inc. boosted its stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 13.7% in the fourth quarter, Holdings Channel reports. The firm owned 50,119 shares of the company’s stock after acquiring an additional 6,020 shares during the period. Vanguard Growth ETF comprises about 4.8% of Sovereign Financial Group Inc.’s holdings, making the stock its 4th biggest position. Sovereign Financial Group Inc.’s holdings in Vanguard Growth ETF were worth $15,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Financiere des Professionnels Fonds d investissement inc. acquired a new position in Vanguard Growth ETF in the 3rd quarter valued at $27,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Vanguard Growth ETF in the fourth quarter valued at about $27,000. ARK Investment Management LLC increased its stake in shares of Vanguard Growth ETF by 73.2% in the fourth quarter. ARK Investment Management LLC now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 41 shares during the period. Arvest Investments Inc. acquired a new position in shares of Vanguard Growth ETF during the 4th quarter worth about $30,000. Finally, Orion Capital Management LLC bought a new stake in Vanguard Growth ETF during the 3rd quarter valued at approximately $35,000.

Vanguard Growth ETF Trading Down 0.2 %

VUG traded down $0.57 during midday trading on Wednesday, reaching $342.82. The company’s stock had a trading volume of 612,835 shares, compared to its average volume of 1,034,486. The company has a fifty day simple moving average of $339.01 and a 200 day simple moving average of $318.40. The stock has a market cap of $118.10 billion, a P/E ratio of 39.58 and a beta of 1.26. Vanguard Growth ETF has a twelve month low of $251.48 and a twelve month high of $348.88.

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.