Summit Financial Wealth Advisors LLC Sells 902 Shares of Vanguard Growth ETF (NYSEARCA:VUG)

Summit Financial Wealth Advisors LLC lowered its stake in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,764 shares of the company’s stock after selling 902 shares during the period. Vanguard Growth ETF comprises 7.2% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Summit Financial Wealth Advisors LLC’s holdings in Vanguard Growth ETF were worth $38,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Strategic Financial Concepts LLC lifted its stake in shares of Vanguard Growth ETF by 40,514.9% in the second quarter. Strategic Financial Concepts LLC now owns 5,542,306 shares of the company’s stock worth $2,072,878,000 after buying an additional 5,528,660 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Vanguard Growth ETF in the 2nd quarter worth approximately $270,138,000. Axiom Advisory LLC boosted its holdings in shares of Vanguard Growth ETF by 9.3% during the 3rd quarter. Axiom Advisory LLC now owns 7,251,690 shares of the company’s stock worth $2,696,912,000 after purchasing an additional 614,652 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Vanguard Growth ETF by 114.2% in the first quarter. Cetera Investment Advisers now owns 1,036,238 shares of the company’s stock valued at $356,673,000 after purchasing an additional 552,439 shares in the last quarter. Finally, Retirement Investment Advisors Inc. acquired a new stake in shares of Vanguard Growth ETF in the second quarter valued at approximately $181,622,000.

Vanguard Growth ETF Stock Performance

NYSEARCA VUG opened at $404.73 on Tuesday. The stock’s fifty day moving average is $391.20 and its two-hundred day moving average is $375.44. The firm has a market capitalization of $139.43 billion, a P/E ratio of 39.58 and a beta of 1.26. Vanguard Growth ETF has a fifty-two week low of $294.34 and a fifty-two week high of $410.94.

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.