Advisory Services Network LLC Has $29.96 Million Stake in Vanguard Growth ETF (NYSEARCA:VUG)

Advisory Services Network LLC lifted its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 18.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,367 shares of the company’s stock after purchasing an additional 14,839 shares during the quarter. Vanguard Growth ETF accounts for approximately 0.7% of Advisory Services Network LLC’s investment portfolio, making the stock its 12th biggest holding. Advisory Services Network LLC’s holdings in Vanguard Growth ETF were worth $29,959,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. WealthPlan Investment Management LLC bought a new position in shares of Vanguard Growth ETF in the third quarter worth $253,000. NBC Securities Inc. bought a new stake in shares of Vanguard Growth ETF during the 3rd quarter worth approximately $119,000. Lincoln National Corp increased its stake in shares of Vanguard Growth ETF by 3.6% in the 3rd quarter. Lincoln National Corp now owns 64,477 shares of the company’s stock valued at $17,557,000 after purchasing an additional 2,251 shares during the last quarter. Financial Advisory Partners LLC raised its stake in Vanguard Growth ETF by 0.4% during the third quarter. Financial Advisory Partners LLC now owns 86,301 shares of the company’s stock worth $23,501,000 after acquiring an additional 350 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its position in Vanguard Growth ETF by 1.8% during the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 19,612 shares of the company’s stock worth $5,341,000 after purchasing an additional 343 shares in the last quarter.

Vanguard Growth ETF Price Performance

Shares of NYSEARCA VUG traded up $3.83 during mid-day trading on Friday, hitting $355.41. 938,710 shares of the stock traded hands, compared to its average volume of 1,000,046. The firm has a 50 day simple moving average of $340.98 and a two-hundred day simple moving average of $324.30. Vanguard Growth ETF has a twelve month low of $259.00 and a twelve month high of $357.28. The company has a market cap of $122.44 billion, a PE 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.