IFP Advisors Inc Raises Stock Holdings in Vanguard Growth ETF $VUG

IFP Advisors Inc boosted its holdings in Vanguard Growth ETF (NYSEARCA:VUG) by 463.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 742,981 shares of the company’s stock after purchasing an additional 611,199 shares during the quarter. Vanguard Growth ETF makes up approximately 1.2% of IFP Advisors Inc’s holdings, making the stock its 7th biggest position. IFP Advisors Inc’s holdings in Vanguard Growth ETF were worth $64,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Vanguard Growth ETF by 458.6% in the 2nd quarter. Jones Financial Companies Lllp now owns 219,112,994 shares of the company’s stock valued at $18,137,223,000 after acquiring an additional 179,884,185 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Vanguard Growth ETF by 14.1% in the first quarter. Bank of America Corp DE now owns 54,648,818 shares of the company’s stock worth $23,870,057,000 after purchasing an additional 6,771,524 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of Vanguard Growth ETF by 539.0% in the second quarter. EP Wealth Advisors LLC now owns 23,330,170 shares of the company’s stock worth $2,009,661,000 after buying an additional 19,678,907 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vanguard Growth ETF by 513.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,888,180 shares of the company’s stock worth $937,908,000 after buying an additional 9,112,231 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Vanguard Growth ETF by 505.8% during the second quarter. HighTower Advisors LLC now owns 9,627,196 shares of the company’s stock valued at $829,287,000 after buying an additional 8,038,008 shares during the last quarter.

Vanguard Growth ETF Price Performance

NYSEARCA VUG opened at $88.12 on Wednesday. The stock has a market capitalization of $227.95 billion, a PE ratio of 36.22 and a beta of 1.22. The business has a 50 day simple moving average of $87.00 and a two-hundred day simple moving average of $83.37. Vanguard Growth ETF has a 1-year low of $69.63 and a 1-year high of $90.60.

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. The Index represents the growth companies of the MSCI US Prime Market 750 Index. The MSCI US Prime Market 750 Index represents the universe of large-capitalization companies in the United States equity market.