Laurel Oak Wealth Management LLC Decreases Position in Vanguard Growth ETF $VUG

Laurel Oak Wealth Management LLC decreased its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 14.8% during the 1st quarter, HoldingsChannel reports. The firm owned 38,395 shares of the company’s stock after selling 6,668 shares during the quarter. Vanguard Growth ETF comprises approximately 2.8% of Laurel Oak Wealth Management LLC’s holdings, making the stock its 4th largest position. Laurel Oak Wealth Management LLC’s holdings in Vanguard Growth ETF were worth $16,771,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Vanguard Growth ETF by 6.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,880 shares of the company’s stock worth $1,695,000 after buying an additional 233 shares during the last quarter. Welch Group LLC boosted its stake in Vanguard Growth ETF by 88.9% in the first quarter. Welch Group LLC now owns 2,157 shares of the company’s stock valued at $942,000 after buying an additional 1,015 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in Vanguard Growth ETF by 95.2% in the first quarter. Wesbanco Bank Inc. now owns 18,356 shares of the company’s stock valued at $8,018,000 after buying an additional 8,950 shares in the last quarter. Parker Financial LLC grew its position in Vanguard Growth ETF by 2.2% in the first quarter. Parker Financial LLC now owns 65,839 shares of the company’s stock valued at $28,697,000 after acquiring an additional 1,386 shares during the last quarter. Finally, Main Line Retirement Advisors LLC grew its position in Vanguard Growth ETF by 2.1% in the first quarter. Main Line Retirement Advisors LLC now owns 18,663 shares of the company’s stock valued at $8,152,000 after acquiring an additional 381 shares during the last quarter.

Vanguard Growth ETF Trading Down 0.3%

Shares of NYSEARCA VUG opened at $82.76 on Friday. The company has a market cap of $35.16 billion, a price-to-earnings ratio of 36.22 and a beta of 1.22. Vanguard Growth ETF has a 12 month low of $69.63 and a 12 month high of $90.60. The stock has a 50-day moving average price of $85.79 and a two-hundred day moving average price of $80.97.

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. The Index represents the growth companies of the MSCI US Prime Market 750 Index. The MSCI US Prime Market 750 Index represents the universe of large-capitalization companies in the United States equity market.