The Manufacturers Life Insurance Company Cuts Stock Position in Vanguard Growth ETF (NYSEARCA:VUG)

The Manufacturers Life Insurance Company cut its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 6.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 261,709 shares of the company’s stock after selling 16,962 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vanguard Growth ETF were worth $100,476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VUG. Strategic Financial Concepts LLC grew its holdings 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 valued at $2,072,878,000 after purchasing an additional 5,528,660 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Vanguard Growth ETF in the second quarter valued at $270,138,000. Axiom Advisory LLC grew its holdings in shares of Vanguard Growth ETF by 9.3% in the third quarter. Axiom Advisory LLC now owns 7,251,690 shares of the company’s stock valued at $2,696,912,000 after purchasing an additional 614,652 shares in the last quarter. Cetera Investment Advisers grew its holdings 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. purchased a new position in Vanguard Growth ETF during the second quarter worth $181,622,000.

Vanguard Growth ETF Stock Up 0.9 %

NYSEARCA VUG opened at $408.20 on Wednesday. The company has a fifty day moving average of $391.88 and a two-hundred day moving average of $375.89. The firm has a market capitalization of $140.62 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26. Vanguard Growth ETF has a 52 week low of $294.34 and a 52 week high of $410.94.

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.