Vanguard Growth ETF (NYSEARCA:VUG) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. lessened its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,219 shares of the company’s stock after selling 2,682 shares during the period. Vanguard Growth ETF makes up 0.7% of Kovack Advisors Inc.’s portfolio, making the stock its 25th biggest position. Kovack Advisors Inc.’s holdings in Vanguard Growth ETF were worth $5,927,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Vanguard Growth ETF by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 801,455 shares of the company’s stock valued at $218,244,000 after acquiring an additional 103,829 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Vanguard Growth ETF during the fourth quarter worth about $723,000. Everett Harris & Co. CA lifted its stake in shares of Vanguard Growth ETF by 0.8% during the fourth quarter. Everett Harris & Co. CA now owns 56,833 shares of the company’s stock worth $17,668,000 after purchasing an additional 466 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Vanguard Growth ETF by 29.4% during the fourth quarter. AdvisorNet Financial Inc now owns 52,510 shares of the company’s stock worth $16,324,000 after purchasing an additional 11,938 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Vanguard Growth ETF by 84.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 188 shares of the company’s stock worth $58,000 after purchasing an additional 86 shares in the last quarter.

Vanguard Growth ETF Trading Up 0.7 %

Shares of VUG traded up $2.79 during midday trading on Thursday, reaching $382.74. 616,426 shares of the company were exchanged, compared to its average volume of 1,003,260. The stock has a 50-day moving average price of $355.93 and a 200-day moving average price of $338.48. The company has a market cap of $131.85 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26. Vanguard Growth ETF has a 1-year low of $260.65 and a 1-year high of $382.98.

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.