Prospect Financial Services LLC Has $3.63 Million Stock Position in Vanguard Growth ETF $VUG

Prospect Financial Services LLC lowered its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,281 shares of the company’s stock after selling 920 shares during the quarter. Vanguard Growth ETF comprises about 2.2% of Prospect Financial Services LLC’s investment portfolio, making the stock its 15th biggest position. Prospect Financial Services LLC’s holdings in Vanguard Growth ETF were worth $3,630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Allianz SE acquired a new stake in shares of Vanguard Growth ETF in the first quarter worth about $29,000. Costello Asset Management INC acquired a new position in shares of Vanguard Growth ETF during the 1st quarter valued at about $31,000. Legend Financial Advisors Inc. acquired a new position in shares of Vanguard Growth ETF during the 2nd quarter valued at about $31,000. Biltmore Family Office LLC bought a new position in shares of Vanguard Growth ETF in the 2nd quarter valued at approximately $31,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Vanguard Growth ETF in the 2nd quarter worth approximately $32,000.

Vanguard Growth ETF Stock Down 2.1%

Shares of Vanguard Growth ETF stock opened at $482.88 on Friday. The stock has a market capitalization of $196.01 billion, a P/E ratio of 36.22 and a beta of 1.17. The stock has a 50 day moving average price of $482.62 and a two-hundred day moving average price of $449.57. Vanguard Growth ETF has a 12-month low of $316.14 and a 12-month high of $505.38.

Vanguard Growth ETF Company Profile

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.