Sovereign Financial Group Inc. Has $26.61 Million Stock Position in Vanguard Growth ETF $VUG

Sovereign Financial Group Inc. trimmed its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 0.1% in the second quarter, Holdings Channel reports. The institutional investor owned 60,704 shares of the company’s stock after selling 76 shares during the period. Vanguard Growth ETF makes up 5.5% of Sovereign Financial Group Inc.’s holdings, making the stock its 2nd largest holding. Sovereign Financial Group Inc.’s holdings in Vanguard Growth ETF were worth $26,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Concurrent Investment Advisors LLC raised its position in shares of Vanguard Growth ETF by 15.4% in the second quarter. Concurrent Investment Advisors LLC now owns 99,487 shares of the company’s stock valued at $43,615,000 after buying an additional 13,257 shares in the last quarter. waypoint wealth counsel raised its position in shares of Vanguard Growth ETF by 11.6% in the second quarter. waypoint wealth counsel now owns 1,337 shares of the company’s stock valued at $586,000 after buying an additional 139 shares in the last quarter. Investment Advisory Group LLC raised its position in shares of Vanguard Growth ETF by 2.4% in the second quarter. Investment Advisory Group LLC now owns 54,539 shares of the company’s stock valued at $23,910,000 after buying an additional 1,303 shares in the last quarter. Matrix Asset Advisors Inc. NY raised its position in shares of Vanguard Growth ETF by 2.0% in the second quarter. Matrix Asset Advisors Inc. NY now owns 3,131 shares of the company’s stock valued at $1,373,000 after buying an additional 62 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its position in shares of Vanguard Growth ETF by 0.5% in the second quarter. Apollon Wealth Management LLC now owns 17,995 shares of the company’s stock valued at $7,889,000 after buying an additional 88 shares in the last quarter.

Vanguard Growth ETF Price Performance

Shares of VUG opened at $470.44 on Friday. Vanguard Growth ETF has a one year low of $316.14 and a one year 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 has a 50 day simple moving average of $467.89 and a two-hundred day simple moving average of $427.68.

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.