Vanguard Growth ETF $VUG Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. lessened its position in shares of Vanguard Growth ETF (NYSEARCA:VUG) by 8.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,517 shares of the company’s stock after selling 1,413 shares during the quarter. Kovack Advisors Inc.’s holdings in Vanguard Growth ETF were worth $6,803,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VUG. Allianz SE acquired a new stake in Vanguard Growth ETF during the first quarter valued at $29,000. Hager Investment Management Services LLC acquired a new stake in Vanguard Growth ETF during the first quarter valued at $31,000. Costello Asset Management INC acquired a new stake in Vanguard Growth ETF during the first quarter valued at $31,000. Legend Financial Advisors Inc. acquired a new stake in Vanguard Growth ETF during the second quarter valued at $31,000. Finally, Biltmore Family Office LLC acquired a new stake in Vanguard Growth ETF during the second quarter valued at $31,000.

Vanguard Growth ETF Stock Performance

VUG stock opened at $496.34 on Friday. The firm has a market cap of $201.47 billion, a PE ratio of 36.22 and a beta of 1.17. The firm’s fifty day moving average is $476.06 and its 200 day moving average is $440.24. Vanguard Growth ETF has a one year low of $316.14 and a one year high of $505.38.

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.