Melfa Wealth Management Inc. Cuts Stake in Vanguard Growth ETF (NYSEARCA:VUG)

Melfa Wealth Management Inc. cut its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 5.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 825 shares of the company’s stock after selling 50 shares during the quarter. Melfa Wealth Management Inc.’s holdings in Vanguard Growth ETF were worth $338,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in Vanguard Growth ETF during the fourth quarter worth about $28,000. Global Trust Asset Management LLC lifted its stake in Vanguard Growth ETF by 1,071.4% in the 4th quarter. Global Trust Asset Management LLC now owns 82 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. Teachers Insurance & Annuity Association of America acquired a new position in shares of Vanguard Growth ETF during the 3rd quarter worth approximately $35,000. Rosenberg Matthew Hamilton grew its position in shares of Vanguard Growth ETF by 494.1% in the third quarter. Rosenberg Matthew Hamilton now owns 101 shares of the company’s stock valued at $39,000 after purchasing an additional 84 shares in the last quarter. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Vanguard Growth ETF in the third quarter valued at approximately $48,000.

Vanguard Growth ETF Stock Performance

NYSEARCA VUG opened at $418.41 on Wednesday. The stock’s fifty day moving average is $413.98 and its two-hundred day moving average is $390.60. The firm has a market capitalization of $144.14 billion, a P/E ratio of 39.58 and a beta of 1.26. Vanguard Growth ETF has a fifty-two week low of $317.59 and a fifty-two week high of $428.69.

Vanguard Growth ETF 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.