Vanguard Growth ETF $VUG is Lokken Investment Group LLC’s 2nd Largest Position

Lokken Investment Group LLC reduced its position in Vanguard Growth ETF (NYSEARCA:VUG) by 5.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,866 shares of the company’s stock after selling 2,231 shares during the period. Vanguard Growth ETF accounts for about 6.1% of Lokken Investment Group LLC’s holdings, making the stock its 2nd largest holding. Lokken Investment Group LLC’s holdings in Vanguard Growth ETF were worth $17,681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Biltmore Family Office LLC purchased a new stake in shares of Vanguard Growth ETF during the 2nd quarter worth about $31,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Vanguard Growth ETF during the second quarter valued at approximately $32,000. Kilter Group LLC purchased a new stake in Vanguard Growth ETF during the second quarter worth approximately $33,000. Anfield Capital Management LLC increased its position in shares of Vanguard Growth ETF by 266.7% in the second quarter. Anfield Capital Management LLC now owns 77 shares of the company’s stock worth $34,000 after acquiring an additional 56 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of Vanguard Growth ETF in the third quarter worth $38,000.

Vanguard Growth ETF Trading Down 1.9%

NYSEARCA:VUG opened at $473.45 on Wednesday. The firm has a market capitalization of $197.49 billion, a price-to-earnings ratio of 36.22 and a beta of 1.17. The firm’s fifty day simple moving average is $487.80 and its 200 day simple moving average is $477.84. Vanguard Growth ETF has a twelve month low of $316.14 and a twelve month high of $505.38.

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. 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.