Riggs Asset Management Co. Inc. has reduced its stake in the Vanguard Growth ETF (NYSEARCA: VUG) by 30.2% during the third quarter of 2023, according to a report from HoldingsChannel. The firm now holds 5,494 shares of the ETF after selling 2,374 shares in the period. Following this transaction, Riggs Asset Management’s total holdings in Vanguard Growth ETF are valued at approximately $2,635,000, based on its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also adjusted their positions in Vanguard Growth ETF. Kilter Group LLC entered a new position during the second quarter, investing approximately $33,000. Anfield Capital Management LLC significantly increased its stake by 266.7% in the same quarter, acquiring an additional 56 shares to bring its total to 77 shares, now valued at $34,000.
Additionally, Friedenthal Financial, Ramirez Asset Management Inc., and Family Legacy Financial Solutions LLC each purchased new stakes in the ETF during the third quarter, with valuations of $38,000 and $46,000, respectively.
Current Performance of Vanguard Growth ETF
As of the latest trading session, Vanguard Growth ETF opened at $458.08. Over the past year, the ETF has experienced a range in its stock price, hitting a fifty-two week low of $316.14 and a high of $505.38. The stock’s performance is reflected in its moving averages, with a fifty-day average of $475.68 and a two-hundred day average of $478.98. Vanguard Growth ETF currently holds a market capitalization of $191.08 billion, with a price-to-earnings ratio of 36.22 and a beta of 1.17, indicating its volatility compared to the overall market.
Understanding Vanguard Growth ETF
The Vanguard Growth ETF, which operates under a passive management strategy, aims to mirror the performance of the MSCI US Prime Market Growth Index. This index tracks a diversified portfolio of growth stocks from large U.S. companies, representing a significant segment of the U.S. equity market. The ETF is designed to offer investors exposure to the growth companies within the broader MSCI US Prime Market 750 Index.
For those interested in tracking institutional investment trends in Vanguard Growth ETF, HoldingsChannel.com provides updates on the latest 13F filings and insider trades related to the fund. Subscribers can receive daily summaries of news and analysts’ ratings through MarketBeat.com’s free newsletter, keeping them informed of significant developments in the ETF market.
