Richardson Financial Services Inc. Raises Position in Vanguard Growth ETF (NYSEARCA:VUG)

Richardson Financial Services Inc. lifted its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 32.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 20,173 shares of the company’s stock after acquiring an additional 4,973 shares during the period. Vanguard Growth ETF comprises about 4.7% of Richardson Financial Services Inc.’s holdings, making the stock its biggest position. Richardson Financial Services Inc.’s holdings in Vanguard Growth ETF were worth $7,594,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Axiom Advisory LLC increased its holdings in shares of Vanguard Growth ETF by 9.3% during the third quarter. Axiom Advisory LLC now owns 7,251,690 shares of the company’s stock worth $2,696,912,000 after buying an additional 614,652 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Vanguard Growth ETF by 40,514.9% during 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. LPL Financial LLC grew its holdings in shares of Vanguard Growth ETF by 4.5% during the second quarter. LPL Financial LLC now owns 4,940,097 shares of the company’s stock worth $1,847,646,000 after purchasing an additional 211,575 shares during the last quarter. TIAA Trust National Association increased its stake in shares of Vanguard Growth ETF by 1.2% in the second quarter. TIAA Trust National Association now owns 3,580,217 shares of the company’s stock valued at $1,339,041,000 after buying an additional 40,907 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in Vanguard Growth ETF by 2.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,982,222 shares of the company’s stock valued at $1,115,381,000 after buying an additional 70,828 shares during the last quarter.

Vanguard Growth ETF Trading Up 0.5 %

NYSEARCA:VUG traded up $1.81 during mid-day trading on Friday, hitting $392.47. 1,010,186 shares of the company’s stock were exchanged, compared to its average volume of 999,878. Vanguard Growth ETF has a fifty-two week low of $260.65 and a fifty-two week high of $395.98. The firm has a market capitalization of $135.20 billion, a P/E ratio of 39.58 and a beta of 1.26. The company has a 50 day simple moving average of $379.36 and a 200-day simple moving average of $365.70.

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.