Red Wave Investments LLC Decreases Position in Vanguard Growth ETF (NYSEARCA:VUG)

Red Wave Investments LLC trimmed its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,809 shares of the company’s stock after selling 150 shares during the period. Vanguard Growth ETF comprises approximately 1.1% of Red Wave Investments LLC’s portfolio, making the stock its 22nd largest position. Red Wave Investments LLC’s holdings in Vanguard Growth ETF were worth $3,205,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of VUG. Decker Retirement Planning Inc. bought a new position in Vanguard Growth ETF during the 4th quarter worth approximately $28,000. Human Investing LLC purchased a new stake in shares of Vanguard Growth ETF during the fourth quarter valued at approximately $28,000. Cardinal Strategic Wealth Guidance bought a new position in shares of Vanguard Growth ETF in the fourth quarter worth approximately $33,000. Global Trust Asset Management LLC grew its holdings in shares of Vanguard Growth ETF by 1,071.4% in the fourth quarter. Global Trust Asset Management LLC now owns 82 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Vanguard Growth ETF in the third quarter worth $35,000.

Vanguard Growth ETF Stock Down 2.2 %

Shares of VUG opened at $416.02 on Friday. The stock has a market capitalization of $143.31 billion, a P/E ratio of 39.58 and a beta of 1.26. Vanguard Growth ETF has a twelve month low of $321.29 and a twelve month high of $429.11. The firm has a fifty day simple moving average of $418.77 and a two-hundred day simple moving average of $398.33.

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.