Laurel Wealth Advisors LLC Sells 553 Shares of Vanguard Growth ETF (NYSEARCA:VUG)

Laurel Wealth Advisors LLC lessened its position in Vanguard Growth ETF (NYSEARCA:VUG) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,517 shares of the company’s stock after selling 553 shares during the period. Vanguard Growth ETF comprises 1.3% of Laurel Wealth Advisors LLC’s portfolio, making the stock its 20th largest holding. Laurel Wealth Advisors LLC’s holdings in Vanguard Growth ETF were worth $7,000,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Vanguard Growth ETF in the third quarter worth approximately $27,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Vanguard Growth ETF during the fourth quarter valued at approximately $27,000. ARK Investment Management LLC raised its holdings in shares of Vanguard Growth ETF by 73.2% during the fourth quarter. ARK Investment Management LLC now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 41 shares during the last quarter. Arvest Investments Inc. purchased a new position in shares of Vanguard Growth ETF during the fourth quarter valued at approximately $30,000. Finally, Orion Capital Management LLC purchased a new position in shares of Vanguard Growth ETF during the third quarter valued at approximately $35,000.

Vanguard Growth ETF Stock Performance

Shares of VUG traded up $5.99 during mid-day trading on Friday, hitting $335.18. 1,437,363 shares of the company traded hands, compared to its average volume of 1,058,254. The stock has a 50-day moving average price of $338.87 and a two-hundred day moving average price of $315.02. Vanguard Growth ETF has a 1 year low of $246.26 and a 1 year high of $348.88. The stock has a market cap of $115.47 billion, a price-to-earnings ratio of 40.31 and a beta of 1.24.

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.