Summit Financial LLC Decreases Stock Holdings in Vanguard Growth ETF (NYSEARCA:VUG)

Summit Financial LLC cut its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,767 shares of the company’s stock after selling 5,149 shares during the period. Vanguard Growth ETF accounts for about 3.1% of Summit Financial LLC’s investment portfolio, making the stock its 3rd biggest position. Summit Financial LLC owned approximately 0.06% of Vanguard Growth ETF worth $89,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of VUG. Alliancebernstein L.P. increased its stake in shares of Vanguard Growth ETF by 183.0% in the 4th quarter. Alliancebernstein L.P. now owns 717,652 shares of the company’s stock valued at $294,553,000 after buying an additional 464,100 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in Vanguard Growth ETF in the fourth quarter worth about $30,000. Goepper Burkhardt LLC bought a new stake in Vanguard Growth ETF during the 4th quarter worth about $424,000. Partners in Financial Planning acquired a new position in Vanguard Growth ETF during the 4th quarter valued at about $58,940,000. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Vanguard Growth ETF in the 4th quarter valued at about $106,000.

Vanguard Growth ETF Price Performance

Shares of NYSEARCA VUG opened at $370.43 on Monday. The company’s 50 day simple moving average is $404.29 and its 200 day simple moving average is $402.33. Vanguard Growth ETF has a fifty-two week low of $321.29 and a fifty-two week high of $429.11. The firm has a market capitalization of $367.11 billion, a P/E ratio of 35.10 and a beta of 1.14.

Vanguard Growth ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a $0.50 dividend. This is a positive change from Vanguard Growth ETF’s previous dividend of $0.46. The ex-dividend date is Thursday, March 27th.

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.