Mechanics Bank Trust Department Has $14.54 Million Holdings in Vanguard Growth ETF (NYSEARCA:VUG)

Mechanics Bank Trust Department cut its position in Vanguard Growth ETF (NYSEARCA:VUG) by 6.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 38,862 shares of the company’s stock after selling 2,693 shares during the period. Vanguard Growth ETF makes up about 2.1% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 9th largest holding. Mechanics Bank Trust Department’s holdings in Vanguard Growth ETF were worth $14,535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VUG. International Assets Investment Management LLC bought a new position in Vanguard Growth ETF during the 4th quarter valued at about $2,286,000. Allspring Global Investments Holdings LLC bought a new position in Vanguard Growth ETF during the fourth quarter valued at approximately $27,000. GHP Investment Advisors Inc. boosted its holdings in Vanguard Growth ETF by 17.6% in the fourth quarter. GHP Investment Advisors Inc. now owns 7,370 shares of the company’s stock worth $2,291,000 after purchasing an additional 1,104 shares during the last quarter. Cerity Partners LLC boosted its holdings in Vanguard Growth ETF by 233.4% in the fourth quarter. Cerity Partners LLC now owns 157,490 shares of the company’s stock worth $48,961,000 after purchasing an additional 110,259 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its position in Vanguard Growth ETF by 0.6% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 654,563 shares of the company’s stock worth $203,490,000 after purchasing an additional 3,990 shares during the period.

Vanguard Growth ETF Stock Performance

Shares of NYSEARCA VUG traded up $2.49 during midday trading on Friday, hitting $354.94. 1,011,799 shares of the company’s stock traded hands, compared to its average volume of 1,028,975. The firm has a fifty day moving average of $369.99 and a 200 day moving average of $350.05. Vanguard Growth ETF has a 1 year low of $260.65 and a 1 year high of $392.14. The stock has a market capitalization of $122.27 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26.

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.