Salomon & Ludwin LLC Trims Stock Holdings in Vanguard Growth ETF (NYSEARCA:VUG)

Salomon & Ludwin LLC reduced its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 5.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 42,474 shares of the company’s stock after selling 2,247 shares during the period. Vanguard Growth ETF comprises approximately 1.7% of Salomon & Ludwin LLC’s investment portfolio, making the stock its 18th largest position. Salomon & Ludwin LLC’s holdings in Vanguard Growth ETF were worth $16,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. New Millennium Group LLC purchased a new stake in Vanguard Growth ETF during the second quarter worth about $31,000. Keener Financial Planning LLC purchased a new stake in Vanguard Growth ETF during the first quarter worth about $29,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in Vanguard Growth ETF during the second quarter worth about $34,000. Stuart Chaussee & Associates Inc. purchased a new stake in Vanguard Growth ETF during the first quarter worth about $40,000. Finally, SYM FINANCIAL Corp increased its stake in Vanguard Growth ETF by 37.9% during the second quarter. SYM FINANCIAL Corp now owns 120 shares of the company’s stock worth $45,000 after purchasing an additional 33 shares during the period.

Vanguard Growth ETF Price Performance

Shares of NYSEARCA:VUG opened at $392.47 on Monday. The firm has a market capitalization of $135.20 billion, a PE ratio of 39.58 and a beta of 1.26. The firm’s 50-day moving average is $379.36 and its two-hundred day moving average is $365.87. Vanguard Growth ETF has a 1 year low of $260.65 and a 1 year high of $395.98.

Vanguard Growth ETF Company 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.