Stephens Group Asset Management LLC Has $151.67 Million Stake in Vanguard Growth ETF $VUG

Stephens Group Asset Management LLC trimmed its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 7.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 316,235 shares of the company’s stock after selling 24,284 shares during the quarter. Vanguard Growth ETF accounts for approximately 10.2% of Stephens Group Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Stephens Group Asset Management LLC’s holdings in Vanguard Growth ETF were worth $151,669,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VUG. Bank of America Corp DE increased its holdings in Vanguard Growth ETF by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 49,386,990 shares of the company’s stock valued at $21,651,256,000 after purchasing an additional 851,110 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Vanguard Growth ETF by 12.9% during the first quarter. Jones Financial Companies Lllp now owns 32,272,101 shares of the company’s stock worth $11,954,597,000 after purchasing an additional 3,694,339 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in shares of Vanguard Growth ETF by 45,810.0% in the second quarter. Laurel Wealth Advisors LLC now owns 9,185,671 shares of the company’s stock valued at $4,026,998,000 after buying an additional 9,165,663 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Vanguard Growth ETF by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 8,127,139 shares of the company’s stock valued at $3,562,911,000 after buying an additional 79,107 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Vanguard Growth ETF by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 3,886,118 shares of the company’s stock valued at $1,705,829,000 after buying an additional 16,250 shares during the last quarter.

Vanguard Growth ETF Stock Up 0.2%

Shares of NYSEARCA VUG opened at $484.04 on Wednesday. The company has a market cap of $196.48 billion, a price-to-earnings ratio of 36.22 and a beta of 1.17. Vanguard Growth ETF has a 12-month low of $316.14 and a 12-month high of $505.38. The firm’s 50-day simple moving average is $486.90 and its 200 day simple moving average is $464.09.

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.