Financial Connections Group Inc. Has $15.08 Million Stake in Vanguard Growth ETF $VUG

Financial Connections Group Inc. cut its position in Vanguard Growth ETF (NYSEARCA:VUG) by 1.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,409 shares of the company’s stock after selling 363 shares during the quarter. Vanguard Growth ETF makes up approximately 6.2% of Financial Connections Group Inc.’s investment portfolio, making the stock its 3rd largest holding. Financial Connections Group Inc.’s holdings in Vanguard Growth ETF were worth $15,084,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Wells Trecaso Financial Group LLC increased its holdings in shares of Vanguard Growth ETF by 2.7% during the second quarter. Wells Trecaso Financial Group LLC now owns 886 shares of the company’s stock valued at $388,000 after acquiring an additional 23 shares in the last quarter. K2 Financial Inc. increased its holdings in shares of Vanguard Growth ETF by 0.5% during the second 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 in the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Vanguard Growth ETF by 0.5% during the first 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 in the last quarter. Balanced Rock Investment Advisors LLC increased 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 valued at $702,000 after acquiring an additional 26 shares in the last quarter. Finally, Black Swift Group LLC increased 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 valued at $842,000 after acquiring an additional 27 shares in the last quarter.

Vanguard Growth ETF Stock Down 3.3%

VUG opened at $470.44 on Friday. Vanguard Growth ETF has a 52-week low of $316.14 and a 52-week high of $488.51. The company has a market cap of $190.96 billion, a P/E ratio of 36.22 and a beta of 1.11. The firm’s 50-day moving average price is $467.89 and its 200-day moving average price is $427.37.

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.