Axxcess Wealth Management LLC Trims Stake in Vanguard Growth ETF (NYSEARCA:VUG)

Axxcess Wealth Management LLC cut its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 88.6% in the second quarter, HoldingsChannel reports. The firm owned 6,209 shares of the company’s stock after selling 48,104 shares during the period. Axxcess Wealth Management LLC’s holdings in Vanguard Growth ETF were worth $2,322,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Keener Financial Planning LLC bought a new stake in shares of Vanguard Growth ETF in the first quarter valued at about $29,000. New Millennium Group LLC purchased a new stake in Vanguard Growth ETF during the second quarter valued at approximately $31,000. Livelsberger Financial Advisory acquired a new stake in Vanguard Growth ETF in the fourth quarter valued at approximately $33,000. CarsonAllaria Wealth Management Ltd. purchased a new position in Vanguard Growth ETF in the second quarter worth $34,000. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in shares of Vanguard Growth ETF in the 1st quarter worth $40,000.

Vanguard Growth ETF Price Performance

Shares of VUG stock opened at $374.27 on Wednesday. The stock’s fifty day moving average price is $368.74 and its 200 day moving average price is $357.34. Vanguard Growth ETF has a 1-year low of $260.65 and a 1-year high of $392.14. The company has a market cap of $128.93 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26.

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.