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

Institute for Wealth Management LLC. lessened its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 5.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,523 shares of the company’s stock after selling 564 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Growth ETF were worth $4,319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new stake in shares of Vanguard Growth ETF in the fourth quarter worth about $28,000. Global Trust Asset Management LLC boosted its holdings in Vanguard Growth ETF by 1,071.4% in the 4th quarter. Global Trust Asset Management LLC now owns 82 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares during the period. Teachers Insurance & Annuity Association of America acquired a new stake in Vanguard Growth ETF in the third quarter valued at approximately $35,000. Rosenberg Matthew Hamilton lifted its position in shares of Vanguard Growth ETF by 494.1% during the third quarter. Rosenberg Matthew Hamilton now owns 101 shares of the company’s stock worth $39,000 after purchasing an additional 84 shares in the last quarter. Finally, Transcendent Capital Group LLC boosted its stake in shares of Vanguard Growth ETF by 420.8% in the third quarter. Transcendent Capital Group LLC now owns 125 shares of the company’s stock valued at $48,000 after purchasing an additional 101 shares during the period.

Vanguard Growth ETF Price Performance

Vanguard Growth ETF stock opened at $419.95 on Friday. Vanguard Growth ETF has a 12-month low of $317.59 and a 12-month high of $428.69. The company has a market capitalization of $144.67 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26. The firm’s fifty day moving average price is $416.18 and its 200 day moving average price is $392.01.

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.