Summit Financial Strategies Inc. Lowers Stock Position in Vanguard Small-Cap Growth ETF $VBK

Summit Financial Strategies Inc. cut its stake in shares of Vanguard Small-Cap Growth ETF (NYSEARCA:VBK) by 1.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 135,738 shares of the company’s stock after selling 2,628 shares during the period. Vanguard Small-Cap Growth ETF makes up 3.5% of Summit Financial Strategies Inc.’s portfolio, making the stock its 11th biggest position. Summit Financial Strategies Inc.’s holdings in Vanguard Small-Cap Growth ETF were worth $49,640,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Vanguard Small-Cap Growth ETF by 1.3% during the 4th quarter. Brighton Jones LLC now owns 11,160 shares of the company’s stock valued at $3,125,000 after buying an additional 142 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Vanguard Small-Cap Growth ETF during the first quarter valued at about $273,000. Goldman Sachs Group Inc. boosted its holdings in shares of Vanguard Small-Cap Growth ETF by 4.4% during the first quarter. Goldman Sachs Group Inc. now owns 62,656 shares of the company’s stock worth $15,775,000 after purchasing an additional 2,630 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Vanguard Small-Cap Growth ETF by 30.1% in the second quarter. Russell Investments Group Ltd. now owns 652 shares of the company’s stock worth $181,000 after purchasing an additional 151 shares during the last quarter. Finally, Glenview Trust co increased its holdings in Vanguard Small-Cap Growth ETF by 12.2% during the 2nd quarter. Glenview Trust co now owns 2,753 shares of the company’s stock valued at $762,000 after purchasing an additional 300 shares during the period.

Vanguard Small-Cap Growth ETF Stock Performance

Shares of VBK stock opened at $347.90 on Wednesday. Vanguard Small-Cap Growth ETF has a fifty-two week low of $280.27 and a fifty-two week high of $367.04. The firm has a market cap of $23.61 billion, a P/E ratio of 27.57 and a beta of 1.17. The business’s 50 day moving average price is $352.41 and its 200-day moving average price is $338.51.

Vanguard Small-Cap Growth ETF Profile

Vanguard Small-Cap Growth ETF (the Fund) is an exchange-traded share class of Vanguard Small-Cap Growth Index Fund, which employs a passive management or indexing investment approach designed to track the performance of the MSCI US Small Cap Growth Index (the Index). The Index is a diversified index of growth stocks of smaller United States companies. The Fund attempts to replicate the target Index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.