Sequoia Financial Advisors LLC Reduces Stock Position in Vanguard Growth ETF $VUG

Sequoia Financial Advisors LLC cut its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,223 shares of the company’s stock after selling 2,870 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Growth ETF were worth $73,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VUG. Jones Financial Companies Lllp increased its stake in shares of Vanguard Growth ETF by 12.9% during the 1st quarter. Jones Financial Companies Lllp now owns 32,272,101 shares of the company’s stock worth $11,954,597,000 after purchasing an additional 3,694,339 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Vanguard Growth ETF by 20,581.9% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 832,862 shares of the company’s stock worth $308,842,000 after purchasing an additional 828,835 shares in the last quarter. Bell Bank purchased a new position in shares of Vanguard Growth ETF during the 1st quarter worth approximately $207,815,000. Wealthspire Advisors LLC increased its stake in shares of Vanguard Growth ETF by 101.4% during the 1st quarter. Wealthspire Advisors LLC now owns 919,556 shares of the company’s stock worth $340,990,000 after purchasing an additional 463,025 shares in the last quarter. Finally, Money Design Co. Ltd. increased its stake in shares of Vanguard Growth ETF by 286.8% during the 1st quarter. Money Design Co. Ltd. now owns 542,744 shares of the company’s stock worth $201,260,000 after purchasing an additional 402,421 shares in the last quarter.

Vanguard Growth ETF Price Performance

Shares of VUG opened at $470.44 on Monday. The firm has a 50 day simple moving average of $467.89 and a 200-day simple moving average of $428.01. Vanguard Growth ETF has a 1-year low of $316.14 and a 1-year high of $488.51. The stock has a market cap of $190.96 billion, a price-to-earnings ratio of 36.22 and a beta of 1.11.

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.