Frontier Investment Mgmt Co. trimmed its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 19.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,118 shares of the company’s stock after selling 2,236 shares during the period. Frontier Investment Mgmt Co.’s holdings in Vanguard Growth ETF were worth $1,282,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of VUG. GFS Private Wealth LLC purchased a new stake in shares of Vanguard Growth ETF in the fourth quarter worth approximately $38,703,000. IFG Advisory LLC purchased a new position in Vanguard Growth ETF during the 4th quarter worth $2,135,000. Bank of New York Mellon Corp increased its holdings in Vanguard Growth ETF by 19.5% during the 4th quarter. Bank of New York Mellon Corp now owns 955,343 shares of the company’s stock worth $134,369,000 after purchasing an additional 155,659 shares during the period. Wells Fargo & Company MN increased its holdings in Vanguard Growth ETF by 4.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,695,243 shares of the company’s stock worth $379,086,000 after purchasing an additional 126,066 shares during the period. Finally, Advanced Asset Management Advisors Inc purchased a new position in Vanguard Growth ETF during the 4th quarter worth $15,952,000.
Vanguard Growth ETF (NYSEARCA:VUG) opened at $146.16 on Tuesday. The company has a market capitalization of $32,970.00 and a price-to-earnings ratio of 15.39. Vanguard Growth ETF has a fifty-two week low of $119.12 and a fifty-two week high of $152.38.
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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.
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