Envestnet Asset Management Inc. Trims Position in Vanguard Growth ETF (NYSEARCA:VUG)

Envestnet Asset Management Inc. trimmed its stake in Vanguard Growth ETF (NYSEARCA:VUG) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,197,699 shares of the company’s stock after selling 77,246 shares during the period. Vanguard Growth ETF comprises 1.1% of Envestnet Asset Management Inc.’s holdings, making the stock its 11th biggest holding. Envestnet Asset Management Inc. owned about 2.38% of Vanguard Growth ETF worth $3,364,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Perennial Investment Advisors LLC grew its position in shares of Vanguard Growth ETF by 8.2% during the 4th quarter. Perennial Investment Advisors LLC now owns 20,783 shares of the company’s stock worth $8,531,000 after buying an additional 1,575 shares in the last quarter. Oarsman Capital Inc. boosted its stake in Vanguard Growth ETF by 67.7% in the fourth quarter. Oarsman Capital Inc. now owns 478 shares of the company’s stock valued at $196,000 after acquiring an additional 193 shares in the last quarter. KCM Investment Advisors LLC boosted its position in shares of Vanguard Growth ETF by 1.6% in the 4th quarter. KCM Investment Advisors LLC now owns 11,257 shares of the company’s stock worth $4,620,000 after purchasing an additional 175 shares in the last quarter. Wells Fargo & Company MN increased its position in Vanguard Growth ETF by 15.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,993,557 shares of the company’s stock valued at $1,639,116,000 after buying an additional 529,565 shares in the last quarter. Finally, Leeward Financial Partners LLC boosted its holdings in Vanguard Growth ETF by 7.1% in the fourth quarter. Leeward Financial Partners LLC now owns 46,165 shares of the company’s stock worth $18,948,000 after acquiring an additional 3,062 shares in the last quarter.

Vanguard Growth ETF Stock Down 6.1 %

VUG opened at $334.02 on Friday. The company has a market cap of $331.03 billion, a P/E ratio of 33.17 and a beta of 1.19. Vanguard Growth ETF has a 52-week low of $321.29 and a 52-week high of $429.11. The firm’s 50-day moving average price is $398.35 and its 200-day moving average price is $401.52.

Vanguard Growth ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from Vanguard Growth ETF’s previous dividend of $0.46.

Vanguard Growth ETF 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.