Welch & Forbes LLC Decreases Stock Position in Vanguard Growth ETF $VUG

Welch & Forbes LLC reduced its position in Vanguard Growth ETF (NYSEARCA:VUG) by 31.4% in the second quarter, Holdings Channel.com reports. The fund owned 811 shares of the company’s stock after selling 372 shares during the period. Welch & Forbes LLC’s holdings in Vanguard Growth ETF were worth $356,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Allianz SE purchased a new position in Vanguard Growth ETF in the 1st quarter worth approximately $29,000. Hager Investment Management Services LLC purchased a new position in Vanguard Growth ETF in the 1st quarter worth approximately $31,000. Costello Asset Management INC purchased a new position in Vanguard Growth ETF in the 1st quarter worth approximately $31,000. Legend Financial Advisors Inc. purchased a new position in Vanguard Growth ETF in the 2nd quarter worth approximately $31,000. Finally, Biltmore Family Office LLC purchased a new position in Vanguard Growth ETF in the 2nd quarter worth approximately $31,000.

Vanguard Growth ETF Stock Up 0.6%

Shares of NYSEARCA VUG opened at $501.84 on Tuesday. Vanguard Growth ETF has a twelve month low of $316.14 and a twelve month high of $505.38. The firm has a market cap of $203.71 billion, a P/E ratio of 36.22 and a beta of 1.17. The company has a 50 day moving average of $477.76 and a 200 day moving average of $443.43.

Vanguard Growth ETF Company 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.