Institute for Wealth Management LLC. Decreases Stock Holdings in Vanguard Growth ETF $VUG

Institute for Wealth Management LLC. reduced its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 6.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,193 shares of the company’s stock after selling 670 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Growth ETF were worth $4,030,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. K2 Financial Inc. boosted its stake in Vanguard Growth ETF by 0.5% during the 2nd quarter. K2 Financial Inc. now owns 5,541 shares of the company’s stock valued at $2,461,000 after acquiring an additional 25 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in Vanguard Growth ETF by 0.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 5,217 shares of the company’s stock valued at $1,935,000 after acquiring an additional 26 shares during the last quarter. Balanced Rock Investment Advisors LLC raised its holdings in shares of Vanguard Growth ETF by 1.4% during the first quarter. Balanced Rock Investment Advisors LLC now owns 1,893 shares of the company’s stock worth $702,000 after purchasing an additional 26 shares during the period. Black Swift Group LLC raised its holdings in shares of Vanguard Growth ETF by 1.2% during the first quarter. Black Swift Group LLC now owns 2,271 shares of the company’s stock worth $842,000 after purchasing an additional 27 shares during the period. Finally, Weitzel Financial Services Inc. raised its holdings in shares of Vanguard Growth ETF by 2.7% during the first quarter. Weitzel Financial Services Inc. now owns 1,032 shares of the company’s stock worth $367,000 after purchasing an additional 27 shares during the period.

Vanguard Growth ETF Stock Up 0.3%

VUG stock opened at $479.61 on Wednesday. Vanguard Growth ETF has a fifty-two week low of $316.14 and a fifty-two week high of $484.21. The firm’s 50-day simple moving average is $463.17 and its 200 day simple moving average is $422.10. The stock has a market cap of $191.92 billion, a PE ratio of 36.22 and a beta of 1.11.

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.