Cornerstone Management Inc. Lowers Stock Holdings in Vanguard Growth ETF (NYSEARCA:VUG)

Cornerstone Management Inc. trimmed its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 1.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 281,452 shares of the company’s stock after selling 2,952 shares during the quarter. Vanguard Growth ETF comprises approximately 22.6% of Cornerstone Management Inc.’s portfolio, making the stock its biggest position. Cornerstone Management Inc. owned about 0.08% of Vanguard Growth ETF worth $108,058,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of VUG. Kestra Advisory Services LLC lifted its position in Vanguard Growth ETF by 9.7% during the fourth quarter. Kestra Advisory Services LLC now owns 388,448 shares of the company’s stock valued at $120,761,000 after purchasing an additional 34,445 shares during the period. Waverly Advisors LLC lifted its holdings in shares of Vanguard Growth ETF by 7.7% during the 4th quarter. Waverly Advisors LLC now owns 580,403 shares of the company’s stock valued at $180,436,000 after buying an additional 41,337 shares during the period. Lavaca Capital LLC bought a new position in shares of Vanguard Growth ETF during the 4th quarter valued at $804,000. Pathstone Holdings LLC purchased a new position in shares of Vanguard Growth ETF in the 4th quarter worth $107,753,000. Finally, Continuum Advisory LLC grew its holdings in shares of Vanguard Growth ETF by 10.1% in the fourth quarter. Continuum Advisory LLC now owns 6,488 shares of the company’s stock worth $2,017,000 after acquiring an additional 596 shares during the period.

Vanguard Growth ETF Stock Performance

VUG stock opened at $386.19 on Thursday. The business’s 50-day moving average is $371.26 and its two-hundred day moving average is $361.72. The company has a market cap of $133.04 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26. Vanguard Growth ETF has a fifty-two week low of $260.65 and a fifty-two week high of $392.14.

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.